Non-fungible Tokens (NFTs) are all the rage these days. But what are they exactly? On this podcast, listen to Samson Williams, the President of the Crowdfunding Professional Association, as he explains in simple terms everything you need to know about NFTs and Distributed Autonomous Organization (DAOs). Whatever your background knowledge is of crowdfunding, tokenization, blockchain, or technology, you’ll get all the info you will need to understand why there is so much hype around it all, and learn some pointers on how to protect yourself from possible fraud as well. Be warned: you may be floored by the truth bombs being presented on this podcast!
Listen to “The Truth About NFTs and DAOs” on Spreaker.
NFT marketplaces such as Open Sea allow you to create and sell non-fungible tokens of just about anything you can imagine. But when you buy an NFT, what are you actually paying for? What do you really own? Where is the value in your investment? What does proof of authenticity exactly mean? How is the NFT created and at what are the costs involved? How is the value of that NFT determined? And perhaps most important: are NFTs regulated securities? Remember: YOU assume all the risks of participating in an unregulated securities scheme!
And what about Distributed Autonomous Organization (DAOs)? Mr. Williams addresses all these issues as goes over some areas where he believes NFTs make the most sense, hint: think real estate. He also addresses the meaning of such terms as scarcity, staking, wash trading, gas fees, e-wallets, private keys and minting. In other words, bookmark this podcast and listen to it over and over as it truly is an eye-opener. You better be careful because fraud exists out there.
Questions? Comments? You can contact Samson Williams at the CFPA website at www.CFPA.org, at the CrowdfundingEcosystem.com, or you can also learn more about him at his “Axes and Eggs†website. If you’re interested in crowdfunding, perhaps you’d like to join the CFPA as well… I did!
ABOUT OUR GUEST: Samson Williams
Samson Williams is a serial entrepreneur and accidental investor. When not starting business with his enemies (“Entrepreneurship is hard. I only recommend it to my enemies.”), Samson is an Adjunct Professor at Columbia University in NYC and University of New Hampshire School of Law where he teaches on blockchain, cryptocurrencies and the Space Economy. Samson is also President of the Crowdfunding Professional Association and investor into two investment crowdfunding platforms Brite.us – CrowdInvesting Done Brite and GoingPublic.com. For more information on Samson visit www.SamsonWilliams.com and follow him on social @HustleFundBaby.
In addition, he has authored the following books:
- Raising Money – Understanding Cryptocurrencies, Crowdfunding, Startup Capital
- Blockchain & The Space Economy
- The Space Economy – Book Zero of The Space Economies Series
- Lifestyle Money: Blockchain, Cryptocurrencies, Crowdfunding & The Future of Money and Wealth
- Stop Sucking Up to VCs
- Race & Space – Racial Equity & Justice in the Space Economy
IMPORTANT!
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.
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