Are Non-fungible Tokens (NFTs) Good Investments?

How do non-fungible tokens work, what are the risks, and how do NFTs fit within the landscape of investments.Topics covered include:Investing in physical art versus cryptoartHow NFTs work on the ethereum blockchainHow Ethereum differs from BitcoinWhat is the purpose of investing and are NFTs investmentsHow much energy do cryptocurrencies and the financial system consumeWhat are the risks of NFTsThanks to Amazon Pharmacy and SmartAsset for sponsoring the episode.For more information on this episode click here.Show NotesWant to Buy an NFT? Here’s What to Know by Amber Burton—The Wall Street JournalFrom Crypto Art to Trading Cards, Investment Manias Abound by Erin Griffith—The New York TimesNFTs, explained by Mitchell Clark—The VergeHERE IS THE ARTICLE YOU CAN SEND TO PEOPLE WHEN THEY SAY “BUT THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?” by Everest Pipkin39% of PoW mining is powered by renewables – Cambridge University Cryptoasset study by Gareth Jenkinson—The Daily ChainCambridge Bitcoin Electricity Consumption IndexBitcoin Energy Consumption Index—DigiconomistEthereum Energy Consumption Index (beta)—DigiconomistThe Bitcoin vs Visa Electricity Consumption Fallacy by Carlos Domingo—Hacker NoonHow much would you pay for a virtual sofa? by Anne Quito—QuartzThe Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir DesaiTechno-optimism, behaviour change and planetary boundaries by Adair Turner—Keele World Affairs Lectures on SustainabilityRelated Episodes167: Is Bitcoin Better At Money Than The Dollar?182: Was Tulipmania Just Like Bitcoin?228: How Tokenization Will Radically Change InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.