![]() NFTs function like cryptographic tokens, but, unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are not mutually interchangeable, hence not fungible. The extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset that has no legal basis for enforcement, often conferring little more than use as a status symbol. An NFT (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets. The NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose. Īn NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. Further criticisms challenge the usefulness of establishing proof of ownership in an often extralegal unregulated market. NFTs have drawn criticism with respect to the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams. The lack of interchangeability ( fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin. NFTs use a digital ledger to provide a public certificate of authenticity or proof of ownership, but do not restrict the sharing or copying of the underlying digital files. NFTs can be associated with reproducible digital files such as photos, videos, and audio. ( May 2021) ( Learn how and when to remove this template message)Ī non-fungible token ( NFT) is a unique and non-interchangeable unit of data stored on a blockchain, a form of digital ledger. Please help improve it by removing or replacing such wording. However, it requires a better tutorial as terms such as assets, dividends, and liabilities can be intimidating for new players who aren’t familiar with how investing works.This article may contain wording that promotes the subject through exaggeration of unnoteworthy facts. ![]() Similar to The Game of Life, it’s all about eventually winning through money and investments. Lacks certain helpful featuresĪll in all, CASHFLOW - The Investing Game is a fun mobile board game you can play alone or with friends. Plus, the liabilities don’t reduce as you progress, which is misleading. However, while the gameplay is easy to follow, the nuances of financial terms can be lost without the help of a guide. You have to purchase stocks, properties, and businesses until your expenses are covered and you get switched to the Fast Track. Some spaces will either give or take away from your cash. For every chance to roll, you can take a break first to review your financial statement on the side and either repay liabilities or borrow money. ![]() There’s no end here as the goal is to just acquire enough passive income that covers your monthly expenses, repays your liabilities such as mortgages and loans, and fulfills your dream. You roll the dice to see where you land on the board. Your starting job, however, is set by the game and the challenge here is to manage what meager finances you earn while investing in the right opportunities to make your money grow. These range from erecting a business school to just going on a world tour. In CASHFLOW, your ultimate objective is to fulfill the dream you chose at the very beginning.
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