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Updated in [July 11th, 2023]
Technical Legal and Commercial aspects of NFTs for proper Due Diligence
What youll learn:
Legal and commercial aspects of NFT transactions
Fundamental nature of NFTs and NFT transactions
Technology behind NFTs
NFT Due Dilligence
Different types of NFTs and their use
Return and Risk sources for investing in NFTs
Update: 23rd April 2022
Added GitHub repo link for the NFTMinting System If you are technically inclined you can download the project and give minting NFTs a try
The link is available in Section4: lecture 9 - "Is it possible to have multiple NFTs with the same asset?"
From merely 25 million USD in 2019 annual trading volume of NFT or Non-fungible tokens reached 177 billion in 2021 which is more than 700 times in 2 years…and the average price of NFTs increased from merely 15 us dollars to more than 800 us dollars
But amid all this exuberance there are a lot of misconceptions about the very nature of NFTs and NFT transactions
These misconceptions have created two distinct groups - advocates of NFTs who claim that NFTs are going to disrupt the creator economyanother group who think that the whole NFT system is fraudulent and compare it with the Tulip bubble
As in the case of all things - the truth is somewhere in between and much more complex
While the rapid increase in the trade price of NFTs points to a market driven by hype the fundamental technology behind NFTs has tremendous potential in various industries
Now this course is designed for investors who are interested in adding NFTs to their portfolios but do not want to take impulsive decisions and want to perform proper due diligence This course does not consider NFTs as a groundbreaking revolution nor as instruments to carry out fraud This course considers NFTs as another type of prospective investment which needs to be understood not only from a return perspective but also from a risks and liability perspective