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\nWhy The NFT Market Is Not As Crazy As You Think | Economics Explained\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nNyan Cat, a video of LeBron James dunking, and a tweet by Jack Dorsey. These all have one thing in common (and no, it’s not because they were sold in recent months for millions of dollars, contrary to what you may have heard).What...\nNyan Cat, a video of LeBron James dunking, and a tweet by Jack Dorsey. These all have one thing in common (and no, it’s not because they were sold in recent months for millions of dollars, contrary to what you may have heard).

What actually happened was the unique digital signatures of these three pieces of media were sold-off to a new breed of 21st-century collectors; bringing massive attention to these Non-Fungible Tokens (or NFTs).

Overwhelmingly, the astronomical prices some NFT sales have fetched have attracted ridicule by outside observers. Perhaps understandably so, considering some are spending Lamborghini money on a Nyan Pop-Tart cat GIF that you anyone watch for free online.

But is it really all that ridiculous?

In this video, we’ll explore the potential NFTs hold and why these laughable prices may not be so absurd after all.\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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15:46
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2021
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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money, gold, economics
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Additional Tags

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nft, nfts, nft explained, nfts explained, non-fungible token, non-fungible tokens, non fungible token, non fungible tokens, digital nft, digital nfts, nft crypto, nfts crypto, crypto nft, crypto nfts, nft market, nft art market, nft artwork, nft artwork market, nft beeple, what are nfts, nft nba, nft nba top shots, nft nyan cat, nft nike, nft nike patent, nft economics, nft economics explained, ee, economics explained, nft tips, nft news, nft investing, pokémon cards, nyan cat, recent months, digital signatures, electronic funds, tainted coins, generation charizard, digital track, digital assets, specifically designed, entire video, gold atoms, underlying asset, properly understand, worth millions, bank account, make sense, card, video, bank, asset, understand, sense, fungibility, make, account, cryptocurrencies, worth
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Classroom Considerations

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Best For: Explaining a topic
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