NFTs: WTF? with Kevin Roose

Non Fungible Tokens, known as NFTs, are the hottest craze in the cryptocurrency world. But what are they? With a multibillion-dollar market cap, why do people pay hundreds of thousands of dollars, and in some cases, millions for digitally stored avatars, pictures, art, GIFs, tokens (and the list goes on)? Kevin Roose covers NFTs, crypto, AI and social media as a columnist for The New York Times. In 2021, a PNG of his NYT column sold for over $500,000. He joins to discuss the value proposition of blockchain-based assets, the role of scarcity and speculation in determining value and the future of cryptographic assets in a metaverse focused future. Sign up for MS NOW Premium on Apple Podcasts to listen to this show and other MS podcasts without ads. You'll also get exclusive bonus content from this and other shows. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.