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NFT TOKEN INVESTMENTS: RISKS AND OPPORTUNITIES

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THE FOURTH PROGRAM FOR THE NBU

News of the business school

The latest MIM-TV episode was dedicated to the NFT token investments. Anna K., the youngest nominee of the FORBES 30 UNDER 30, fashion designer and co-founder of the Fashion Coin / Proof-of-Love and Kazbek Bekturnusov, DeFi, and NFT angel investor, co-founder of the Proof-of-Love, the first NFT-based social network shared their insights in this episode.
Anna K., the co-founder of the Fashion Coin / Proof-of-Love
&ldquo;NFT tokens are arguably the latest development in contemporary art and investment practices. NFT is a digital image of an art object which is linked to the blockchain at a certain value. The value is instantly reflected in the blockchain. Thus, it is impossible to fake it. The provenance of the art is included there. That makes the NFT token a collectible. For young artists, designers, etc. it is a convenient monetizing vehicle. You can crowdfund during the show. For example, we are conducting a young fashion designers competition. They are making tokens of their sketches, sell them and thus raise money for manufacturing the apparel.&rdquo;
Kazbek Bekturnusov, DeFi and NFT angel investor, co-founder and CEO of the Proof-of-Love
&ldquo;Digital world is here. We are spending 5 &ndash; 6 hours on the internet. It has its cryptocurrencies, smart contracts, etc. Digitalization turned GIFs or photos into art. And the digital world is generating a digital economy. It has its crypto money, and it has an increasing number of its digital things. You can&rsquo;t avoid NFT investment unless you are ready to miss out.&rdquo;
Oleksii Kolomoyets, NFT art collector, digital art shows curator, NFT financial design consultant.
&ldquo;NFT is a digital thing with the provenance. Blockchain technology which is hacking resistant creates the value of the NFT. It is very similar to cryptocurrency.&rdquo;

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