Johny Fernandez: NFTN NYC is in full swing and it is taking
place around different venues here in Manhattan, and it has
over 300 speakers, and we're getting ready to check out the
event to see what the hype is about.
Unknown: NFT in general is a non fungible token, meaning that it
can't be changed back and forth for the same type of value.
Johny Fernandez: Within the last couple of years NFT's have taken
off, especially in 2020.
Unknown: Most projects are on the thing called Aetherium,
which is just another blockchain but you need their currency. So
you take your dollar you buy, you get a digital wallet, like
Meta Mask downloaded to your phone, you use it to purchase
digital currency, and then you're in the game.
NFTS are the opportunity for people to create and to connect
with people and to break down all the barriers of
communication and the channels to actually let that stuff be
published and sold and commercialized and traded.
Johny Fernandez: Non fungible tokens are unique in what you
can do with it. Which is why this event is important for this
community
Unknown: NFT allows you to own something, the world understands
it, and you can leave it for generational,
Johny Fernandez: We made it inside Margaritaville where NFT
NYC is taking place. Event organizers say that more than
5000 people have arrived to New York City to participate in the
event. Attendees gathered at different seminars to hear,
learn and network with different people that use NFT's in their
business.
Unknown: This is really the meet up of those minds, those
pioneers, those innovators who are driving the industry, those
thought leaders
Everything that's gonna happen in person like we want to catch
as many as we can get to meet them what's going on
collaborate. Yeah, I'm so excited. I've this is great
energy.
NFT's in particular are cool because it's like you're betting
on culture. You're like betting on people directly instead of
like, the labels maybe putting themselves in between you and
artists like they do currently in the music sense of NFT's and
that's what we're messing with right now at Cypher, which is a
collectible hip hop NFT platform.
Johny Fernandez: As NFT's continue to evolve, event goers
say they'll continue to invest their time into NFT's. They have
no doubt it will be part of the future.
Unknown: What were going to take away is that like digital
products are becoming more tangible. At the end of the day
Give yourself time and we all put our 10,000 hours in
somewhere. So at least put 2000 in before you keep your
skepticism
Johny Fernandez: At NFT NYC I'm Johnny Fernandez with deBanked
News.