NFTs: Animated explainer of Non-Fungible Tokens as Bored Ape Yacht Club NFTs value goes past $1 billion

NFTs: Animated explainer of Non-Fungible Tokens as Bored Ape Yacht Club NFTs value goes past $1 billion

Assessment

Interactive Video

Science, Business, Social Studies

11th Grade - University

Hard

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The video discusses the rise of Bored Ape Yacht Club NFTs, which have surpassed $1 billion in sales, driven by celebrity interest. NFTs are digital assets tied to a blockchain, primarily Ethereum, representing unique ownership. Unlike traditional currencies, each NFT has distinct value based on rarity. The concept of digital scarcity is explored, where blockchain technology secures asset origins, enhancing value. However, NFT ownership often excludes copyright and distribution rights. The financial appeal is likened to owning an original artwork versus a print.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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