What are NFTs (and Why Should We Care)?

28:38
 
Teilen
 

Manage episode 290523077 series 2097742
Von KQED entdeckt von Player FM und unserer Community - Das Urheberrecht hat der Herausgeber, nicht Player FM, und die Audiodaten werden direkt von ihren Servern gestreamt. Tippe auf Abonnieren um Updates in Player FM zu verfolgen oder füge die URL in andere Podcast Apps ein.

The non-fungible token (NFT) craze, which took off in 2020, appears to continue unabated. NFTs are digital “certificates of authenticity” that attach to creations like songs, photos and sports clips, and they can command hefty prices. An NFT of digital artist Beeple’s work brought in $69 million at auction last month, and other NFTs are being sold for similarly eyebrow-raising sums. And demand is showing no sign of declining despite what law professor Jonathan Zittrain in a recent Atlantic piece calls “their abstraction, their seemingly arbitrary valuation, and...the paltriness of the privileges they convey to their owners.” We talk to Zittrain about the future of NFTs.

2176 Episoden