I forget that we should state the obvious, appreciating that 98% of humans don't read beyond the headline. So to be clear, #NFTs are not investments.

Yes, they're marketed, sold, offered and often exploited as "investments" but they are not. People get confused caught up in HOW nfts are made and WHY they represent proof of purchase but not WHAT they are.

🤔 If you turn down the technical jargon and noise on HOW nfts are made (also we should note that most people confuse minting nfts with crowd sourcing funding💰, via the offering of non-fungible tokens in a crowdfunding campaign. #Crowdfunding existed before and will exist after nfts and crowdfunding (the seeking of capital from strangers online) isn't "nfting" anything.

Where were we....oh yes, if you turn down the techno babble of HOW and WHY and focus on WHAT nfts are....They are not investments. They're digital receipts that some fools buy to prove that fools and their money are so easily separated.

Do receipts have a real world pu...more

Non-fungible Tokens (NFTs) are all the rage these days. But what are they exactly? On this podcast, listen to Samson Williams, the President of the Crowdfunding Professional Association, as he explains in simple terms everything you need to know about NFTs and Distributed Autonomous Organization (DAOs). Whatever your background knowledge is of crowdfunding, tokenization, blockchain, or technology, you’ll get all the info you’ll need to understand why there’s so much hype around it all, and learn some pointers on how to protect yourself from possible fraud as well. Be warned: you may be floored by the truth bombs being presented on this podcast!

LISTEN ON SPREAKER HERE >>>

NFT marketplaces such as Open Sea allow you to create and sell non-fungible tokens of just about anything you can imagine. But when you buy an NFT, what are you actually paying for? What do you really own? Where is the value in your “investment”? What does proof of authenticity exactly mean? How is the NFT cre...more

This is for Natasha Taylor as she, like most professionals, have been inundated with so much misinformation about NFTs that it makes a sane rational person feel crazy. You’re not crazy. Your rational brain is just warning you not to drink the kool aid. Because regardless of the flavor (Non-Fungible Token) the kool aid is still laced with bullshit. 

Non-Fungible 

The easiest way to understand the term “non-fungible” is to remember that your friends are non-fungible. Meaning, you can’t replace your BFFE with someone else. Why? They’re unique and irreplaceable. Hence why if you treat your “friends” like they’re replaceable (fungible) you’ll find yourself all by yourself. A non-fungible token is like your best friend, you can’t just replace it with something else. Thats it. Got it? 

NFTs and Digital Scarcity 

Digital scarcity does not exist. There is no such thing as digital scarcity in art. Find any image on the internet, right click on it and save it to your desktop o...more

TLDR; 

1. Blockchain is a technology
2. Crowdfunding is a) asking strangers b) for money c) over the internet
3. When “Blockchain Businesses” use DLT to create tokens, coins, and various digital thingamajiggies 99% of the time they do so for the express purpose of raising capital by creating a security, a la ICOs, TGE, IEOs, NFTs, etc...
   • The other 1% they’re creating derivatives but we’ll talk about that later.
4. Otherwise DLTs would be digital products or services, with set firm, fixed prices, that Businesses could sell to users/consumers and pay appropriate State, Local and Federal sales and income taxes on.
5. Blockchain advocacy groups should partner with the Crowdfunding Professional Association because raising capital isn’t the domain of “Blockchain” businesses nor Blockchain advocacy groups. 

Hello Beautiful Blockchain and Cryptocurrency People! 

I wrote a longer article on why everyone in the Blockchain Advocacy space should join the Crowdfunding Professional Association....more