NFTs Explained: The REAL Reason Why People Buy JPEGs

Why are people spending so much money on NFTs, and are they really just JPEGs? In this video, we'll cover:
1. What is an NFT, and are they just JPEGs?
2. Top 4 Reasons why people buy NFTs

NFT stands for Non-Fungible Token, which represents a unique digital asset on a blockchain, such as Ethereum. These tokens can be used to verify ownership and authenticity of digital items such as artwork, music, and collectibles.

NFTs mentioned:
Justin Aversano | Wheel of Fortune https://www.justinaversano.com/
Pudgy Penguins https://pudgypenguins.com/
Bored Ape Yacht Club https://boredapeyachtclub.com/

Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/

Timestamps:
00:00 Intro
00:20 NFT vs JPEG
00:57 Reason 1
01:21 Reason 2
01:50 Reason 3
02:40 Reason 4
03:00 Outro

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