Dr. Madhab Paul: NFT (Non-Fungible Token) — what’s it, and why do we’d like it?
What’s NFT? What’s the way forward for NFT? Q&A on Jack Dorsey’s 1st Tweet to grasp Non-Fungible Token (NFT) higher. All about NFT in 3 strains: not complete, however concise and enjoyable to grasp simply.
NFT =non-fungible token; non-fungible =NOT replaceable by one other similar merchandise
What if the ITEM has NO Intrinsic, or Perceived Worth?
Worth adjustments with Merchandise, and Playing-Worth with time. NFT in 3 strains.
Let’s discover NFT with the instance of Twitter and “Jack Dorsey’s 1st Tweet”
What’s the way forward for NFTs?
Q&A on Jack Dorsey’s First Tweet to grasp NFT (non-fungible token) higher.
Reference: Man Buys NFT For $2.9 Million, Asks for $48 Million, Is Provided $3600
What’s a Tweet?
Billions of individuals know what Tweet is, because of Indian PM Modi, Elon Musk, … and President Trump’s twitter ban.
However who’s Jack Dorsey?
Millions of individuals know who Mr. Jack Dorsey is. And, could also be a couple of thousand is absolutely inquisitive about Mr. J. Dorsey’s First Tweet.
Most might say: “Don’t Know JD”.
Yeh. Love DJ with drinks however don’t know JD.
Is JD larger than “the” Dr. Martin Luther King Jr.?
By the way in which, we are able to learn all of the insightful Quotes of “the” Dr. King for free!!!
And Mr. Dorsey’s 1st Tweet might look like value Thousands and thousands of US$ to some individuals.
Restricted Version & Distinctive Merchandise
Distinctive Merchandise & Non-fungible (=NOT replaceable by one other similar) merchandise.
Is each distinctive merchandise worthwhile?
Or, will increase desirability and therefore will increase worth with time?
Actual or Perceived Worth of NFTs — Necessary Factors:
The worth of any NFT will change with time, and the change will rely upon [among other things]:
- the intrinsic worth of “the” Merchandise, and
- the Playing-value of “the” Merchandise.
As on date, I don’t have investments in NFTs.
This text is neither meant to be any skilled recommendation on NFTs, nor meant to belittle any particular person, entity, or funding/enterprise ideas.
Concise. Enjoyable to Perceive Simply. However not complete information about NFT; it’s only for studying leisure!!!
You Might Keep Tuned. You’ll certainly discover one thing unknown that’s attention-grabbing and helpful for you or any person you recognize.
This time, I’m skipping my self-introduction. You might simply confer with the previous newsletters on the net: mita.substack.com or Google my title!!
Dr. Madhab Paul, PhD | fdi, enterprise administration, jv, m&a — Financial Diplomacy
Founder, Director & MD of MiTA since 2009.