#YAPSnacks: Are NFTs a Fad or the Future of Art?

#YAPSnacks: Are NFTs a Fad or the Future of Art?

Are NFTs a Fad or the future of art?

Today 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’t be dismissed similar to the dot com boom in the late 90s.

NFTs are the latest cryptocurrency phenomenon to enter the mainstream – they turn digital works of art and other collectibles into one-of-a-kind, verifiable assets

While the concept of NFTs have  since 2012, they’ve exploded over the past year.  In 2020, the market grew by , reaching $250 million in value. And, in February 2021,  than in the entirety of 2020.

In the crypto space, hype is definitely par for the course. But this feels different mainly because the mainstream hasn’t just taken notice. They have skin in the game— from fashion brands like  and Louis Vitton to sports brands  / NFL, to musicians like  and . They all are putting their hats in the NFT-ring, creating NFT-based consumer goods and services.

So are NFTs the future? Or is the NFT craze just a bubble stemming from increased online activity following the pandemic?

Well 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.

This episode is sponsored by Olay, and Betterhelp.

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Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com

Timestamps:

01:31 – How Hala built grit to reach her success

8:21 – The story behind the success and struggle of Sorority of Hip Hop 

15:20 – What you can learn from rejection in order to create success 

20:38 – What Hala learned through losing her father to Covid 

30:44 – How to start and scale a podcast 

36:20 – What to do to grow your LinkedIn 

47:27 – All the apps that reward with organic growth 

1:01:25 – The importance of community in your active space