CNBC published this video item, entitled “Are NFTs A Good Investment?” – below is their description.
In recent years, a trend known as NFTs, or non-fungible tokens have taken the art scene by storm. The market has seen explosive growth in 2021 with celebrities like Tom Brady, Snoop Dogg and Grimes jumping into the market. In October, Sotheby’s and Coinbase also announced their intentions in launching their own NFT specific marketplaces. But NFT’s astonishing success has also led to deep skepticism. So just how do non-fungible tokens work and is it an asset worth investing in?
CNBC YouTube Channel
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About This Source - CNBC
CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.
Claire Elise Boucher known professionally as Grimes, is a Canadian musician, singer, songwriter, and record producer. Her music incorporates varied styles, including dream pop, synth-pop, art pop, electronic, experimental pop, R&B, and hip hop. She has released five studio albums, two extended plays, eleven singles, and four promotional singles.
Calvin Cordozar Broadus Jr., known professionally as Snoop Dogg, previously Snoop Doggy Dogg, and briefly Snoop Lion, is an American rapper and media personality. His fame dates to 1992 when he featured on Dr. Dre’s debut solo single, “Deep Cover”, and then on Dre’s debut solo album, The Chronic.
Thomas Edward Patrick Brady Jr. is an American football quarterback for the Tampa Bay Buccaneers of the National Football League (NFL). He spent the first 20 seasons of his career with the New England Patriots, playing in nine Super Bowls and winning six of them (XXXVI, XXXVIII, XXXIX, XLIX, LI, and LIII), both of which are the most of any player in NFL history. He has won a record four Super Bowl MVP awards (XXXVI, XXXVIII, XLIX, and LI) as well as three NFL MVP awards (2007, 2010, 2017).