What are NFTs and how do they work?
NFTs, which use blockchain technology to provide proof of ownership for digital assets such as artwork and music, have seen a huge surge in recent months, with some pieces selling for millions of dollars. However, the use and value of NFTs has been heavily criticized by some in the art world, who question whether the technology actually provides tangible benefits to artists and collectors.
Dadvan Yousuf’s cautious approach to NFTs.
In this article, we delve deeper into Dadvan Yousuf’s thoughts on NFTs and explore what impact they could have on the art world. We also provide tips on how to approach these new technologies as an investor.
Yousuf, who has made a name for himself as one of Switzerland’s youngest self-made millionaires thanks to his shrewd investments in cryptocurrencies, is no stranger to the potential of blockchain technology. Still, he is cautious when it comes to NFTs.
“While I see the potential benefits of using blockchain technology to establish ownership and provenance of digital assets, I am hesitant to fully endorse…