Blockchain - McGraw-Hill Introduction to Business

[VIDEO] How NFTs Are Fueling a Boom in Digital Art

March 19, 2021

Last month, we looked at how NBA Top Shot sells digital basketball cards for thousands of dollars through its online marketplace. Since then, non-fungible tokens (NFTs) like Top Shot cards have skyrocketed in value, with one viral gif selling for $600,000 while a NFT artwork was sold through Christie’s auction house for tens of millions. This video explains how NFTs operate along with their possible drawbacks.

Questions:

How did some NFTs come to be worth thousands or even millions Continue reading →

Product Distribution, E-commerce, Blockchain, Supply & Demand, Marketing, Product Development, Ethics, Pricing, Entrepreneurship, Value

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media, Videos

Digital NBA Trading Cards Sell For Thousands of Dollars

February 23, 2021

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In February 2020 during a regular season NBA game, Lebron James performed a two-handed windmill slam dunk that he afterwards said was a tribute to the late Kobe Bryant. A clip of James’ dunk placed side-by-side with a nearly identical one of Bryant’s from 2001 quickly went viral and can be easily found from multiple sources on YouTube. Then again, you could also do what social media entrepreneur Jack Settleman did in January: pay $47,500 for a clip of the Continue reading →

Economics, Marketing, Pricing, Ethics, Product Distribution, Entrepreneurship, Blockchain, Supply & Demand

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

The Price of Bitcoin Plummets

November 29, 2018

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Last year, the price of bitcoin nearly reached $20,000, leading some optimistic analysts to label the cryptocurrency as the future of money. According to them, the value of the decentralized currency could only go up since it was free of manipulation from any single government or institution. Soon after reaching this peak in late 2017, however, bitcoin began a steady drop that continued throughout the year. In fact, on Monday the price of the cryptocurrency fell below $3,650, Continue reading →

Bitcoin, Blockchain, Economics, Innovation, Currency

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 20: Money and Financial Institutions, Bonus Chapter B: Technology and New Media

[VIDEO] Bitcoin, Blockchains, and the Future of Money

November 3, 2017

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When we took a look at Bitcoin in August, the cryptocurrency had just reached a record value of more than $4,000. Since then it has only continued to grow in worth, topping out $7,200 this week. Many experts now say that Bitcoin and other blockchain-based currencies could be the future of money, even though most consumers have no clue how they work. This longform video tries to remedy that problem by comparing Bitcoin with the stone ring currency system used Continue reading →

Global, Bitcoin, Ethics, Blockchain, Innovation, Currency

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 20: Money and Financial Institutions, Bonus Chapter B: Technology and New Media, Videos