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Johny Fernandez: All right, so
let's talk about NFTs. So first

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question, Sean, what is an NFT?
Or what is NFT?

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Sean Murray: So it stands for a
non fungible token. It's

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basically if you know, like
bitcoin, or you know even

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dollars dollars are fungible a
dollar, is a dollar is a dollar

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doesn't matter which dollar it
is, right If I, if I, if I gave

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you $10, and you had $100,
right, and I gave you, and I

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gave you 10 and later I say I
want I want $10 back, it doesn't

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matter which 10 you give me.
They're fungible, you know what

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I mean. And so, bitcoin is kind
of this kind of the same way. I

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give you some bitcoin, you have
a lot of bitcoin later on I want

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bitcoin doesn't matter which
one, you give me, right. Yeah.

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Bitcoin is all the same. But
then there's this concept of non

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fungible tokens in which each
token is a uniquely

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identifiable, you know, digital
asset, and what people this is

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not a brand new topic. Yeah.
These are things that people

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were talking about at least four
or five years ago, when Ethereum

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was really picking up people
love the idea of tokens, they

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were very popular when people
were doing ICOs when people were

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selling, you know, tokens or
coins or whatever, to raise

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money for their companies,
saying, you know, it's not a

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stock offering, it's an initial
coin offering, they oftentimes

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were using these type of tokens
to in order to make it possible,

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more or less. And so a non
fungible token is a is an

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individually identifiable
digital asset, it can't be

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duplicated. And what's now
become known as an NFT is that

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this token is supposed to
represent, or be connected to a

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specific real world asset, or
even a or another a digital

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asset. And it's kind of the
token is the proof of the

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ownership of it. Yeah. And so
that's what that's what an NFT

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is very broadly and off the cup.

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Johny Fernandez: Yeah, so and to
jump off of that, you know, we

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did do an article, and it's talk
about Derek Jeter, and I'm

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trying to also cash in with
NFT's, you know, trying to get

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athletes. And, and to my point,
what I was saying, and when I

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read that article, it made me
think about a couple of months

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ago, and we also talked about
with football, you know, they

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there is one specific
professional football team that

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they were able to, they gave
their athletes the opportunity

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to, if they wanted to get their
entire salary in crypto. Yeah.

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So it all kind of goes ends up
going hand in hand in regards to

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these are different options
being presented to professional

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athletes. And now, Derek Jeter
has stepped in and kind of he's

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rallying and going towards that
specific way to see if he wants

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to prevent, you know, if people
want to kind of pow wow around

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that too. And, you know, kind of
started their NFT.

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Sean Murray: Yeah, everyone's
just trying to find a way to

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make money off it here. The SEC
is yelling at Coinbase while the

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whole world just goes bananas
over crypto in every way, shape

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or form. You mentioned that
football players that. Yeah. Are

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gonna get the salary in Bitcoin.
And then you have you have

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current and retired sports star
sports stars that are trying to

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create their own their own NFT.
And basically what they're doing

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and the way that they that they
kind of see an NFT is that it's

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essentially a unique digital
asset. So it could be it could

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be an image. It could be a
photo. Yeah. There's a site

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called I think it's
autograph.io. The company itself

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is called autograph, that's the
one Derek Jeter is a part of,

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you can buy Derek Jeter, NFT's
so we didn't just write a story

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about it. But I was on the site
last night checking it out. You

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basically it's interesting what
they're doing. So in this

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particular one, yeah, you can
you can basically bid at auction

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on a digitally autographed
asset, something that Derek

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Jeter digitally signed. It's
like, you know, normally if you

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go to a baseball game, and Derek
Jeter would sign your mitt or

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your bat or a piece of paper or
a cup or whatever it is, or you

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know, or your chest and you
never washed it. You'd never

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wash it again. Right? That's
what we would normally think of

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as autographs.

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Johny Fernandez: Would you get
your chest signed?

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Sean Murray: It's been signed,
this is not this has not been

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washed in 15 years, nah just
kidding. But um, but now

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athletes can digitally sign
something. And that digital that

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digital autograph can live in
perpetuity because it's tied to

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an a non fungible token that
said it belongs to this

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particular person, and it's
legit.

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Johny Fernandez: Well, and I
also think it's interesting,

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just the simple fact that in the
athletic world, whether it's,

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you know, football, whether it's
baseball, how this is seeping

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into how they do business, you
know, whether it's signing

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contracts or whether it's them
actually signing like, you know,

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autograph, merchandise,
memorabilia, whatever you want

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to put it under. It's, it's,
it's pretty much just seeping

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into that world. Yeah. And it'll
be interesting to see what ends

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up happening in the future and
how that ends up. You know.

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Sean Murray: Well, all right, so
let me ask you, right. Would you

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rather have a Derek Jeter
autograph bat or Derek Jeter

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digitally signed, I don't know,
picture or something.

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Johny Fernandez: I'd rather have
the bat signed.

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Sean Murray: Yeah?

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Johny Fernandez: Yeah.

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Sean Murray: Why?

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Johny Fernandez: Because you can
see it, you can hold it. I want

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it to be like a physical person
so you can see it. You can hold

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it. Okay. And it's like
memorabilia you can like, frame

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it nicely.

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Sean Murray: Because maybe he
actually held that back or

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something.

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Johny Fernandez: Yeah. Yeah. And
I feel like the bat will

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Sean Murray: Yeah, it's part of
the story. I totally get it. So

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possibly go more than just a
picture. You know, like he signs

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a picture, it's like oh cool,
but a bat it's like, this part

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of the story.

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so you know, I was on this
website last night where these

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Derek Jeter NFT's are being
sold. And you essentially have

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to buy a cheap NFT in order to
be allowed to enter the auction

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for the real pricey NFTs. So you
can buy like a like a Derek

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Jeter like preseason all access
pass VIP, NFT and it looks cool

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and it's animated and it looks
like you know it's glowing and

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you're like oh this is. This is
the future and from what I can

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tell they're going for like 160
bucks and like what that gives

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you is not only this like little
picture that I guess you can you

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know is yours, but it gives you
access to like the real auctions

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where an even better NFT can
cost like 150 grand or so. And

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you get access to like their
Discord server where you can

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like chat with other fans, I
guess.

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Johny Fernandez: See, I'm an old
soul I'd rather be there in

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person and chat with people in
person and have have something

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like real than a virtual NFT.

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Sean Murray: I know I I would
agree with you. But this is this

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is what's happening out there
and you know.

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Johny Fernandez: It's changing
it's like changing.