Today in Global Small Business: Non-Fungible Tokens (NFTs) or All Things Crypto

©iStock/Marina Funt

What's affecting me, my clients, my colleagues and other global small business owners:

Fungible (adj.) — able to replace or be replaced by another identical item; mutually interchangeable.
Speculative crypto art market takes off. Why? "Our digital lives are surrounded by countless digital objects. NFTs are a way to imbue such objects with financial value. When that happens they take on a new level of significance and importance."
Lindsay Lohan sold a photo of herself for $17K – and then tweeted about it.
Quote of the week: "Billionaire Mark Cuban is selling a motivational quote as a NFT for $1,700. " – Markets Insider, March 13, 2021
Shark Tank celebrity and owner of the Dallas Mavericks Mark Cuban sold a tokenized version of one of his tweets for $952. The sale was made via the Valuables platform.
A clip of LeBron James blocking a shot sold for $100K last month.

from The Global Small Business Blog https://ift.tt/3euBbbT

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