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NFTs: What They Are, Where They’re At, and Where They’re Going

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Sinopsis

This is the second episode in our series on the applications that will be built on top of blockchains and change the way we live, work, and interact.Last we discussed creator coins. This week, we're discussing the other kind of social token: NFTs.By now you've probably heard of NFTs. You may even know that NFT stands for Non-Fungible Token. But if you're like most people, you're still trying to figure out exactly what that means … and why on earth people would spend thousands (even millions!) of dollars on a jpeg.The reality is that your current view of NFTs is likely colored by the content you're consuming about them. If all you've read are the crazy headlines or “old man yells at clouds” dismissals, then you probably have an overly simplistic understanding of what NFTs are and the many layers of utility they can provide to holders and creators.In this episode, we dive deep to give you the 360-degree view of NFTs.Yes, there is some silliness, maybe even a speculative bubble, in the current NFT market. But th