CNA Money Mind Ep 4 : What are NFTs and why are they trending?

NFTs, or non-fungible tokens are a hot trend in the worlds of tech, finance and art. So why are people paying millions of dollars for these digital assets? Are they an emerging asset class, or the latest bubble in the tech world? And what do investors need to know, if they want to put their money into NFTs?

Money Mind’s Chubby Jayaram Singh speaks to Kelvin Goh, head of wealth advisory at OCBC Bank, and Anndy Lian, blockchain expert and an advisor board member of Hyundai DAC. 

Episode 4 covers the following:

– What is NFT?
– How do we value NFT? Why would anyone pay so much for these digital pieces of media?
– How do we going about buying? Can we use cash? 
– Do you think NFT be considered as an alternative asset class?
– What does the growth of the NFT market meant for investors in Asia or is this just a cryptocurrency trend?

Quotes from the speakers:

"In terms of the potentials for NFT, I think it is close to limitless." Kelvin Goh said. 

"Blockchain technology is adding an additional layer of security & trust to your artwork." Anndy Lian shared too. 

To listen to the full podcast, you can visit https://www.channelnewsasia.com/news/podcasts/money-mind/ep-4-what-are-nfts-and-why-are-they-trending-14606876 or you can catch it on Youtube via this link: https://youtu.be/iMQgXTFPGZw

About CNA:
CNA was established in March 1999 by Mediacorp, and is an English language Asian news network. Positioned to “Understand Asia”, it reports on global developments with Asian perspectives. Based in Singapore, it has correspondents in major Asian cities and key Western ones, including New York, Washington D.C., London and Brussels. CNA brings its audience not only the latest news but also diverse content such as business, lifestyle, human stories, current affairs and documentary programming.

CNA is a transmedia company, where users can get content online, on TV and radio and via smart devices. It is also available on social and messaging services, such as Facebook, Twitter, Youtube, Linkedin, and Telegram. CNA has been recognised as Channel of the Year by the Association for International Broadcasting (AIB), the global trade association for broadcast journalism. CNA TV is now viewed in 29 territories across Asia with its satellite footprint stretching across Asia, the Middle East and Australia.

For more information, please visit CNA’s website at cna.asia.

About Money Mind:
Money Mind tells you how to make the most of your money with tips for investors, business ideas for businessmen and analysis of the economy, companies, markets, financial products and trends.