What are NFTs? | CNBC Explains

Investors have been spending millions of dollars on digital collectibles known as NFTs, or non-fungible tokens. CNBC’s Ryan Browne explains how these crypto-based assets work and why they’ve become so popular.
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#CNBC #Crypto #NFTs

[LuckyCrust]

Does NFT's sound dumb to anyone else? I'm in my twenties but I feel like a grandpa trying to wrap my head around this. But I really have no idea why anyone would buy these.

[paulaguirre]

You know it's a scam when the comments are filled with bots saying how great it is

[chrismv]

When someone says they can restrict ownership of any digital media to the very few let me know and I'll sell you the Brooklyn Bridge.

[IReapZz]

because people are bored, have too much money and they are just throwing it away in anything that could stick

[jackwulfric]

The only way it makes sense to me is for artists and content creators and fans basically being " patreons"

[RiyazMS]

This is atleast better than other videos i watched for NFTS and got confused

[SynPolar]

I can’t think of something dumber to spend my money on than NFTs

[isoSwfty]

No I'm not buying NFTs but the stocks responsible for their trade is giving me great gains

[augly]

All the rich people (or those who have extra cash) in the world would really rather just throw money at this bullshit instead of donate, create new jobs, businesses, products, or inventions, or help better our infrastructure 🤦🏻‍♂️

[CoinNest-fg]

Perfect timing, this video answered so many questions for me. Sharing what I’ve learned on my channel too.

[isrealrecommendscelviccode]

I have no regret for buying NFTs with you. I appreciate the honesty

[iamjabby]

So like pokemon cards but more expensive!? Good job fellow manchilds 😂

[CryptoForge-hw]

Huge thanks for breaking this down so well. I’ve been inspired to put out content like this on my channel too.

[dmg]

Who determines the insane value (or lack thereof) of an NFT?

[Kasperx]

Same reason people buy paintings for millions. Laundering money.

[feedthesnake]

the rich get richer and run out of things to buy.

[josakasi]

I’m glad that I invested in crypto a few years back. It isn’t too late yet for people to start investing now.

[bilalbenharkat]

Wonderful project, this project is very good and this projector has a lot of attractions, so hopefully the project will be better .

[canhdo]

With the strong team, I believe in the near future I will see an authentic growth of this project

[businesshustlebox]

Just started with crypto and documenting the journey, I think nfts might be next !