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NFT's: The Emperor's New Clothes or a New Asset Class? with guest Faisal Khan
Manage episode 294677862 series 1227406
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Last March the digital artist Beeple made headlines with an NFT sale at Christie’s for a whopping $69,3 million. The world took notice and so did the music industry. NFT’s were quickly branded as a new asset class for artists. The lucrative aspect of NFT’s appeals to artists who’ve seen their touring income evaporate due to the global pandemic. While many adepts praise the NFT as the great equalizer of the music industry, the critics are passionate to argue the contrary: NFT’s are nothing but a bubble and it has imploded after a short hausse in the beginning of May. With all new technologies, they yay and naysayers often but heads. In this podcast episode we have a closer look at what NFT’s actually are, what is their true value, what their potential could be and wether or not regulation will be the new frontier. We are joined by Mr. Faisal Khan, who is the CEO/founder of Nomisma digital. Faisal is an expert in cross border and crypto payments and exactly the person who can guide the NFT novice through the opaque world of NFT’s.
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