Meta and NFTs

It looks like Meta will be joining the hordes of companies taking a look at NFTs.

According to the Financial Times, Meta is working on plans to allow users to create and sell non-fungible tokens including a feature that will allow users to display their NFTs on their social media profiles, as well as working on a prototype to help users create — or mint — the collectible tokens.

Also in the discussions are possibilities of launching a marketplace for users to buy and sell NFTs which has become a global market worth $40bn.

At the same time, this freewheeling sector is the wild, wild west and we are looking at a speculative bubble plagued by scams and market manipulation.

My prediction?

Regardless of the morals involved, money will be made and lost in mind-blowing volumes in this space.

What all of this means for independent filmmakers is yet to be seen, but certainly, “the times, they are a changin.”

Stay tuned!

All the best,

kensignature

Ken McArthur

Best-Selling Author and Producer

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About Ken McArthur

Ken McArthur is the founder of ConnectLab.live, an AI relationship-intelligence and warm-intro platform that helps founders who are raising find the funds that fit and the people who can introduce them, and helps fund managers connect with the founders they back. He was recently accepted into Harvard Business School Foundry. He also writes Raise Smarter, a daily newsletter on what's really moving in early-stage fundraising. Ken challenges us to realize we ALL have an impact, whether we want to or not, on thousands of people we touch in our day-to-day lives, and he shows that simple things make a HUGE difference. ConnectLab.live grew out of that belief. Connection is the currency of the 21st Century, and the right introduction can change a company's future. Long before ConnectLab, Ken was the popular host of live events that brought together top-level marketers, entrepreneurs, business owners, corporations and non-profit organizations to build multi-million dollar joint venture relationships. He has managed product launches ranked in the top 400 sites on the Internet and is regularly asked to speak at leading marketing events. He created AffiliateShowcase.com, a pioneering affiliate program search engine and directory. He also founded the MBS Internet Research Center, which conducted the world's largest survey ever attempted on creating and launching successful information products. Ken was the official mentor for Sterling Valentine as he took his launch from zero to over $100,000 in less than 8 days, a proof of concept documented in Info Product Blueprint. Today he puts that same skill for connecting people and launching ideas to work for founders and the investors who back them.

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