00:00.030 --> 00:03.060
Johny Fernandez: NFTN NYC is in
full swing and it is taking

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place around different venues
here in Manhattan, and it has

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over 300 speakers, and we're
getting ready to check out the

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event to see what the hype is
about.

00:20.560 --> 00:23.740
Unknown: NFT in general is a non
fungible token, meaning that it

00:23.740 --> 00:27.400
can't be changed back and forth
for the same type of value.

00:27.730 --> 00:30.730
Johny Fernandez: Within the last
couple of years NFT's have taken

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off, especially in 2020.

00:34.170 --> 00:37.020
Unknown: Most projects are on
the thing called Aetherium,

00:37.260 --> 00:41.460
which is just another blockchain
but you need their currency. So

00:41.460 --> 00:44.910
you take your dollar you buy,
you get a digital wallet, like

00:44.910 --> 00:48.630
Meta Mask downloaded to your
phone, you use it to purchase

00:48.990 --> 00:52.080
digital currency, and then
you're in the game.

00:52.560 --> 00:56.070
NFTS are the opportunity for
people to create and to connect

00:56.070 --> 00:58.950
with people and to break down
all the barriers of

00:58.950 --> 01:02.190
communication and the channels
to actually let that stuff be

01:02.190 --> 01:06.090
published and sold and
commercialized and traded.

01:06.180 --> 01:08.880
Johny Fernandez: Non fungible
tokens are unique in what you

01:08.880 --> 01:12.870
can do with it. Which is why
this event is important for this

01:12.870 --> 01:13.500
community

01:13.690 --> 01:17.740
Unknown: NFT allows you to own
something, the world understands

01:17.740 --> 01:20.260
it, and you can leave it for
generational,

01:20.530 --> 01:22.900
Johny Fernandez: We made it
inside Margaritaville where NFT

01:22.900 --> 01:26.440
NYC is taking place. Event
organizers say that more than

01:26.440 --> 01:29.890
5000 people have arrived to New
York City to participate in the

01:29.890 --> 01:33.310
event. Attendees gathered at
different seminars to hear,

01:33.460 --> 01:37.150
learn and network with different
people that use NFT's in their

01:37.150 --> 01:37.930
business.

01:38.050 --> 01:40.570
Unknown: This is really the meet
up of those minds, those

01:40.570 --> 01:43.900
pioneers, those innovators who
are driving the industry, those

01:43.900 --> 01:44.680
thought leaders

01:44.680 --> 01:47.860
Everything that's gonna happen
in person like we want to catch

01:47.860 --> 01:50.500
as many as we can get to meet
them what's going on

01:50.500 --> 01:54.700
collaborate. Yeah, I'm so
excited. I've this is great

01:54.700 --> 01:55.120
energy.

01:55.150 --> 01:58.060
NFT's in particular are cool
because it's like you're betting

01:58.060 --> 02:01.420
on culture. You're like betting
on people directly instead of

02:01.420 --> 02:04.930
like, the labels maybe putting
themselves in between you and

02:04.960 --> 02:08.230
artists like they do currently
in the music sense of NFT's and

02:08.230 --> 02:10.750
that's what we're messing with
right now at Cypher, which is a

02:10.780 --> 02:13.420
collectible hip hop NFT
platform.

02:13.660 --> 02:16.690
Johny Fernandez: As NFT's
continue to evolve, event goers

02:16.690 --> 02:20.860
say they'll continue to invest
their time into NFT's. They have

02:20.860 --> 02:23.020
no doubt it will be part of the
future.

02:23.320 --> 02:25.120
Unknown: What were going to take
away is that like digital

02:25.120 --> 02:27.730
products are becoming more
tangible. At the end of the day

02:27.760 --> 02:31.270
Give yourself time and we all
put our 10,000 hours in

02:31.270 --> 02:35.680
somewhere. So at least put 2000
in before you keep your

02:35.680 --> 02:36.430
skepticism

02:36.700 --> 02:40.600
Johny Fernandez: At NFT NYC I'm
Johnny Fernandez with deBanked

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News.