• Home
  • Episodes
  • About
  • Glossary
  • NFT Timeline
  • Hire Us
  • Connect
NFTs & Beyond PodcastNFTs & Beyond Podcast
  • Home
  • Podcast Episodes
    • Episodes Column 1
      • 01: The First 3 Things You Need to Know about NFTs
      • 02: How Did NFTs Change the Rules?
      • 03: Top 3 Ways to Mint Your NFT
      • 04: NFTs with Erik LaPaglia (Part 1)
      • 05: Lessons Learned from NFTs with Erik LaPaglia (Part 2)
      • 06: 3 Ways to Become an NFT Creator with Lee Richter
      • 07: NFT Launch | Stoner Cat Debrief
    • Episodes Column 2
      • 08: NFT Launch | Zed Run NFT
      • 09: Axie Infinity Debrief
      • 10: Zero Contact – Movie NFT | Debrief
      • 11: How to Mint Your Podcast on OpenSea
      • 12: How to Buy an NFT
      • 13: NFT vs Crypto vs Digital Currency
      • 14: NFTs for Beginners
    • Episodes Column 3
      • 15: What is the Metaverse?
      • 16: Why Pay Attention to NFTs? with Kary Oberbrunner
      • 17: Women in NFTs with Tamara Thompson
      • 18: NFTs and Blockchain Life with Kary Oberbrunner
      • 19: NFT Auctions and NFT Sniping with Ian Abugayda
      • 20: NFT Influencers
  • NFT Resources
    • Glossary
    • NFT Timeline
  • Partnership
    • Artist Application
  • Connect
    • Go Ask Lee: Instagram
    • Go Ask Lee: Facebook
    • Go Ask Lee: Twitter
    • Go Ask Lee: LinkedIn
    • GoAskLee.com
    • Global Leaders Collective

Episode 01: The First 3 Things You Need to Know about NFTs

Home » Episode 01: The First 3 Things You Need to Know about NFTs

Episode 01: The First 3 Things You Need to Know about NFTs

Living in this day and age, you’ve surely heard about investing in NFTs.

But what are they exactly?

In this episode, you’ll discover the first 3 things you need to know BEFORE purchasing NFTs from the business innovator, leader, and award-winning influencer, Lee Richter.

Key points covered in this episode:

What is an NFT?
Non-fungible tokens, or NFTs, are a new form of digital ownership. They provide the ability to identify something as an individual, unique item. The good news is you don’t need to be a digital artist to succeed in the NFT business.

What does it mean to be non-fungible & what is a token?
A token is a digital asset that exists on the Blockchain. Many people use the Ethereum Blockchain however, there are many more options like Cardano, Solana, Openchain, Iota, and many more.

What are Smart Contracts?
In the NFT world, smart contracts allow verification. So when you’re thinking about working with banks or transferring money, a part of what they’re doing is verifying it’s actually you. What’s beautiful about a smart contract is it can be built into your NFT. It builds into the contract that upon reselling the artist or the person who made the smart contract continues to get paid.

Learn about NFTs and with the best timeline resource here: https://nfttimeline.com/

Here’s a list of the top NFT Platforms right now:

• OpenSea • Mintable • Rarible • Foundation
• SuperRare • AtomicMarket • Async Art • NiftyGateway

Share
Advertisment

 Subscribe for
Your Chance to Win!

Are you ready to win your first or next NFT? We are minding our original podcast image as an NFT and giving it away! Subscribe to enter.

Thank You! Your Guide is on the Way!!

You may unsubscribe at any time.

Advertisment

Connect & Follow

Go Ask Lee on Instagram
Go Ask Lee on Facebook
Go Ask Lee on Twitter
Go Ask Lee on LinkedIn
GoAskLee.com
Global Leaders Collective

Our content is not intended as, and shall not be understood or construed as, financial advice. Lee Richter and The Global Leaders Collective are not financial advisors. The information contained on this site is to be used for educational purposes only. We’ve made sure that the content and resources provided are accurate and provide valuable information. You must do your own analysis before making any investment based on your own personal circumstances or take independent financial advice from a professional.

© 2023 · Global Leaders Collective

  • Terms of Service
  • Privacy Policy