YAPSnacks: Are NFTs a Fad or the Future of Art?
b'Are NFTs a Fad or the future of art?\\n\\xa0\\nToday on YAP Snacks, Hala takes you on a journey to learn about NFTs, the cryptoart that top entrepreneurs and investors are backing as the next big thing that shouldn\\u2019t be dismissed similar to the dot com boom in the late 90s.\\n\\xa0\\nNFTs are the latest cryptocurrency phenomenon to enter the mainstream \\u2013 they turn digital works of art and other collectibles into one-of-a-kind, verifiable assets\\n\\xa0\\nWhile the concept of NFTs have been around since 2012, they\\u2019ve exploded over the past year.\\xa0In 2020, the market grew by 229%, reaching $250 million in value. And, in February 2021, more NFTs were traded in 24 hours than in the entirety of 2020.\\n\\xa0\\nIn the crypto space, hype is definitely par for the course. But this feels different mainly because the mainstream hasn\\u2019t just taken notice. They have skin in the game\\u2014 from fashion brands like Nike and Louis Vitton to sports brands\\xa0NBA/ NFL, to musicians like Kings of Leon and Grimes. They all are putting their hats in the NFT-ring, creating NFT-based consumer goods and services.\\n\\xa0\\nSo are NFTs the future? Or is the NFT craze just a bubble stemming from increased online activity following the pandemic?\\n\\xa0\\nWell the good team at YAP have investigated the topic and we are here to give you the facts, so you can better understand what NFTs are, and decide if you want to get involved or just let it be another crypto trend you let pass by and fade away.\\n\\xa0\\nThis episode is sponsored by Olay, and Betterhelp.\\n\\xa0\\nSocial Media:\\n\\xa0\\nFollow YAP on IG: www.instagram.com/youngandprofiting\\nReach out to Hala directly at Hala@YoungandProfiting.com\\nFollow Hala on Linkedin: www.linkedin.com/in/htaha/\\nFollow Hala on Instagram: www.instagram.com/yapwithhala\\nFollow Hala on ClubHouse: @halataha\\nCheck out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com'