Anndy Lian Spoke with CNA Money Mind Ep 4: What are NFTs and why are they trending?

Anndy Lian Spoke with 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.

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.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Is Digital Art The Next Thing To Invest In? | Money Mind | CNA Insider | NFT Boom

Is Digital Art The Next Thing To Invest In? | Money Mind | CNA Insider | NFT Boom

The first tweet by Jack Dorsey, CEO of Twitter was sold for US$2.9 million. A digital collage by the artist Mike Winkelmann, known as Beeple, was sold for US$69 million. But the individuals who bought these digital items received nothing tangible back. Instead, they got a digital token, known as an NFT or non-fungible token. Find out why people are paying millions for digital art.

#Investing #DigitalArt #Cryptocurrency #NFT

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Channel News Asia: Money Mind- Trends: NFT Boom (3 April 2021, 10.30pm)

Channel News Asia: Money Mind- Trends: NFT Boom (3 April 2021, 10.30pm)

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. In this segment of Money Mind, Pamela On tells us more about the current NFT trends.

The following experts shared their take about NFT on Money Mind: Journey Li, APAC Marketing Manager, Elliptic; Anndy Lian, Advisory Board Member, Hyundai DAC; Kelvin Goh, Head of Wealth Advisory, OCBC & Cao Yin, NFT Collector.

A non-fungible token (NFT) is a unit of data stored on a blockchain (a digital ledger) which can represent a unique digital item like art. An NFT is a cryptographic token, but unlike cryptocurrencies such as bitcoin and many network or utility tokens, NFTs are not mutually interchangeable, i.e. not fungible. (Wikipedia).

The buyer of the NFT does not gain exclusive access to the work, nor does the buyer gain possession of the “original” digital file. A person who uploads a certain work as an NFT does not have to prove that they are the original artist, and there have been numerous cases where art was used for NFTs without the creator’s permission.

Twitter’s founder Jack Dorsey has promoted an NFT of the first-ever tweet, with bids hitting $2.5m. Christie’s sale of an NFT by digital artist Beeple for $69m (£50m) set a new record for digital art.

“NFTs are not just for purely for collectables, right now at this current moment especially, I see a lot of these big purchases and big valuation. This is actually part of a process to let people know what NFT is.” – Anndy Lian

While Anndy sees this as an awareness process right now, Cao Yin explains his point of view as a collector.

“The original reason for collecting these items (NFTs) is to collect, and not to transact, and not to “buy low, sell high” and profit from it.”- Cao Yin

CNA is an English-language news channel based in Singapore. It broadcasts free-to-air domestically and as a subscription network to 29 territories across Asia and Australia.

This is a view capture on Channel News Asia (CNA) Live. For better quality and full segment of Money Mind on 3 April 2021, 10.30pm Singapore Time, please visit www.channelnewsasia.com

You can view the full view on Channel News Asia: https://www.channelnewsasia.com/news/video-on-demand/money-mind/money-mind-taking-stock-14546796

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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