All the Technical Questions About NFTs You Wish You Could Ask - How do blockchains, smart contracts and NFTs actually work? with George aka Fatlion

On this episode of the Welcome to the Metaverse podcast, I chat to George aka Fatlion (an awesome blockchain developer) about how blockchains, smart contracts and NFTs actually work.  George is the developer on the super successful project Wavelength by Kaleb Johnston - an awesome art series, which recently shot to number 3 of most volume traded on OpenSea doing 1400 ETH (approx $6 million). In this episode we break down the technicals in a way that is easy to understand. The aim was for this episode to be one that you can learn from if you’re new to the space, come back to as a refresher if you’ve been here a while or send to a friend who’s just getting into this world. I think whatever level you’re at, you’ll definitely learn something from this episode. George is brilliant at explaining these concepts simply so it was great to have him on. ======================= If you'd like to keep up with the NFT drops that I am watching closely, head over to metaverseluke.substack.com where you'll find the regular newsletter. Do reach out and say hello too! Twitter : https://twitter.com/metaverseluke Email : [email protected] NFT Drops Newsletter : metaverseluke.substack.com ======================= George aka Fatlion's Links Twitter : https://twitter.com/georgefatlion Wavelength by Kaleb Johnston :https://opensea.io/collection/wavelengthbykalebjohnston ======================= In this episode we talk about : - George's history as a robotics developer, blockchain developer and role at UCL London - The success of George's most recent project he worked on - Wavelength by Kaleb Johnston - Some of the reasons why it's useful to have a basic technical understanding even as a collector in the space - What actually is a blockchain, what does it do and why is it such an amazing piece of technology? - What is a smart contract and what does it do? - What actually happens when you mint an NFT or buy one on secondary? - The transfer of ownership on blockchain - What is the technical difference between a fungible and non-fungible token? - What people mean when they talk about a project that is 'on-chain' and the various ways that projects address the problem of permanence?  - What is gas and what are gas fees? How and why do they fluctuate? - A word on security and an explanation on hot wallets and cold storage with hardware wallets