NFT Confusion – Why the Disruptive Trend Is One To Watch
The advisor community is starting to question the NFT trend, which is gaining significant media attention as of late, and rightly so. For starters what is an NFT? The concept is confusing to many. Essentially an NFT, or Non-Fungible Token, is new category of commerce that trades crypto currency for a unique piece of digital content. So, why should this matter to financial advisors? Listen in as Elite Consulting Partners CEO Frank LaRosa and COO Dale Dempsey break down the NFT topic.
Key discussion points include:
*The rapid upward trajectory of NFT purchases, with some NFT acquisitions totaling millions of dollars.
*NFT client indicators including risk tolerance and excess capital to spend.
*How NFTs relate to block chain technology and the concept of 1 of 1.
*Industry implications of NFTs including their use as an alternative investment.