THIS EVENT IS BEING CANCELLED DUE TO AN UNFORTUNATE SUDDEN EVENT. WE HOPE TO RESCHEDULE THIS EVENT IN THE NEAR FUTURE.
Professor Sarah Hammer Will Speak About Non-Fungible Tokens (NFTs): Unlocking Value and Powering Social Impact
Non-fungible tokens (NFTs) are records on blockchain that represent digital data or other information. NFTs were first invented in 2014, but they became well-known in 2017 with the advent of crypto kitties (images of digital cats) that sold for thousands of dollars. In 2021, NFTs made the news when Christie’s auction house sold an NFT of a work by an artist known as Beeple for $69.3 million.
Today, the total value of NFTs issued on the Ethereum blockchain is estimated at more than $14 billion, up from $340 million in 2020. According to a March 2021 poll done by Harris market research, 11% of American adults say that they have purchased an NFT (just one percentage point less than those investing in commodities). Analysts at investment banks expect the value of NFTs to double next year and to approach $80 billion by 2025.
The use cases for NFTs are expanding well beyond digital cartoons and collectibles. Today, NFTs are associated with art, games, photos, music, videos, film, and more. They span industries including entertainment, sports, education, medicine, and financial services. In addition, NFTs are increasingly used by non-profit organizations to memorialize their work and potentially unlock value for research or charitable work.
At this event, Professor Sarah Hammer (pictured above), Managing Director of the Stevens Center for Innovation in Finance at the Wharton School, will discuss:
• Blockchain, cryptocurrency, and the development of NFTs
• Technical and design issues related to NFTs
• Applications for NFTs including art, games, photos, etc.
• Industries using NFTs including entertainment, sports, education, and medicine
• The growing opportunity for NFTs related to social impact, charitable giving, and philanthropic fundraising
The NFT by Beeple was the most expensive single NFT sold to date ($69 million).
Click HERE for Sarah's biography.
This will be an in-person event at Fork Restaurant, located at 306 Market Street!
You don't want to miss this! There will be delicious Fork hors d'oeuvre's, canapes and charcuterie; along with a cash bar!
Date: April 12, 2022
Where: Fork Restaurant, 306 Market Street, Philadelphia, PA
Time: 6 PM EST
Member Tickets: $40 per person
Non-member Tickets: $50 per person
48 Hours Notice Required for Refunds