Exploring NFTs

In this episode of Magic Internet Money, host Brad Mills invites NFT (Non-Fungible Token) specialist and art collector, Steve Wand to the show to discuss the recent boom in NFTs. Steve explains what NFTs are and his experience with virtual assets and collectables pre-NFT. For the unaware, the short version is that NFTs are a blockchain signature that can be attached to digital items and then sold. Wand discusses a little bit about the “metaverse”; the concept that the digital space will increasingly resemble meatspace. The two share their history with virtual economies from video games like World of Warcraft to various blockchain projects.Timestamps00:01:39 - Show start and introducing NFTs00:05:08 - Cryptopunks and past NFT projects00:07:07 - The value found in digital assets00:14:10 - Altcoins and tokens; why NFTs are different00:18:27 - Ethereum struggles and digital art00:23:07 - Potential NFT bubble00:30:00 - Virtual real estate and other digital goods00:36:56 - Future use cases for token technology00:49:32 - Future speculation01:09:32 - Social media plugs and wrap upLinks to Mentions in the ShowWhat is an NFTRare PepesCryptopunksERC-721Zed RunThe MetaverseCryptokittiesNiftyFind Steve Wand:Steve Wand LinkedInSteve Wand TwitterFind Brad Mills:Brad Mills TwitterMagic Internet Money TwitterMagic Internet Money FacebookMagic Internet Money Instagram