Feat. Kyle (Boona) on Cryptocurrencies, NFTs and Shillr

Summary In this episode, Jennifer Butterfield interviews Kyle, also known as Boona, about cryptocurrencies, NFTs, and his role at the crypto startup Schillr. Kyle shares his personal finance upbringing and the challenges of navigating financial advice from his parents. He then discusses his journey into the world of cryptocurrencies and NFTs, including his initial skepticism and eventual fascination with the technology. Kyle explains the concept of non-fungible tokens (NFTs) and the importance of owning digital assets in an increasingly digital society. He also provides insights on investing in NFTs and the potential risks involved. In this conversation, Boona discusses various aspects of the crypto industry, including finding passion within the industry, platforms for buying art, the decentralized and immutable nature of crypto, and the opposition's position on crypto. He also explores the use of crypto in criminal activities, the risks and benefits of crypto, tax implications, and shares unforgettable experiences as a podcast host. Boona provides insights into the world of crypto and encourages listeners to explore the possibilities it offers. Takeaways Personal finance advice from parents may be sound, but it's important to find your own path and adapt to the opportunities and challenges of the current financial landscape. Cryptocurrencies and NFTs offer unique investment opportunities and the potential for digital ownership in an increasingly digital world. Non-fungible tokens (NFTs) represent unique digital assets that cannot be duplicated, providing a new way to own and trade digital objects. Investing in NFTs carries risks, and it's important to do thorough research and only invest what you can afford to lose. Find something within the crypto industry that appeals to you and follow that passion. Artists can use crypto to build something separate from traditional ways of making money and create a community around their art. Crypto represents an option for new financial tools and allows individuals to participate in a brand new way. Crypto's decentralized and immutable nature provides transparency and security. There are risks and benefits to owning and using crypto, and it's important to stay informed and consult a tax advisor. References: $69 m NFT sale: https://www.nbcnews.com/tech/tech-news/art-nfts-beeple-reflects-one-year-historic-69-million-digital-art-sale-rcna18989 Shillr on X: https://x.com/shillrxyz?s=20 Boonafide Podcast: https://www.youtube.com/ @Boonafide Chapters 00:00 Introduction and Background 01:06 Personal Finance Upbringing 04:39 Introduction to Cryptocurrencies 14:57 Joining Schillr 24:52 Understanding NFTs 30:31 Ownership of Digital Assets 39:20 Investing in NFTs 40:17 Finding Your Passion in the Crypto Industry 41:15 Platforms for Buying Art in the Crypto Space 41:45 Discovering Art through Social Media 42:45 The Decentralized and Immutable Nature of Crypto 43:44 Crypto as an Option for Artists 44:14 Crypto as an Option for New Financial Tools 45:14 The Opposition's Position on Crypto 48:15 The Use of Crypto in Criminal Activities 49:24 The Risks and Benefits of Crypto 52:19 Tax Implications of Cryptocurrency 55:29 Unforgettable Experiences as a Podcast Host 01:00:02 Where to Find the Host and Shiller 01:01:49 Closing Remarks and Gratitude