The Decentralists

Hot Topix: NFT...WTF?

March 25, 2021 Mike Cholod, Henry Karpus & Chris Trottier
The Decentralists
Hot Topix: NFT...WTF?
Show Notes

This month, a non-fungible token (NFT) digital art collage sold for an eye-popping $69 million. This is the third-highest auction price paid for work by a living artist. We have a feeling that crazy NFT sales are going to become commonplace. 

Artists, designers, musicians, and other creatives are rejoicing. This means artists can showcase their unique digital talent and sell it directly to consumers and collectors on their terms—no middlemen. This is a very big deal.

What exactly is an NFT?

Why would someone pay millions for an NFT?

How are NFTs connected to decentralization?

Let’s talk about the future of blockchain!