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Let's Talk NFTs: Will Lucas Breaks Down Important Terminology To Know

Hopping into the world of non-fungible tokens (NFTs) isn’t an easy feat, but these terms can get you headed in the right direction! On the latest episode of AfroTech’s Black Tech Green Money, host Will Lucas continues to demystify and unveil the true meaning behind NFTs. Like with learning anything new, it’s important to get your feet wet with the basics. So, Lucas breaks down exactly what terms like “insider trading” mean along with examples. “So, think of this, you work at Coca-Cola, a publicly-traded company, [and] let’s say you’re an executive,” he explained. “And you know that Coca-Cola is about to get into selling NFTs and so you know that the minute they announce that they’re going to sell NFTs, their shared price is going to move.” He further explains that as an executive, you have the inside scoop as to what’s happening before anyone else has dibs on the new company-wide move. Should you decide to place your bets or bids in on the movement, it would be called insider...

Feb 1, 2022