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. Timestamps 00:01:39 - Show start and introducing NFTs 00:05:08 - Cryptopunks and past NFT projects 00:07:07 - The value found in digital assets 00:14:10 - Altcoins and tokens; why NFTs are different 00:18:27 - Ethereum struggles and digital art 00:23:07 - Potential NFT bubble 00:30:00 - Virtual real estate and other digital goods 00:36:56 - Future use cases for token technology 00:49:32 - Future speculation 01:09:32 - Social media plugs and wrap up

Om Podcasten

My name is Brad Mills, I am a Bitcoiner. I'm an average person, I just got into Bitcoin early. I'm not a coder, I look at this space from the point of view of a regular user. I believe BTC is the best form of money. It’s free speech money. Digital Gold. Programmable money for the age of the Internet, uncensorable, peer to peer cash. A new asset class, a store of value. One of the most important open source inventions of our time, gifted to the world by an anonymous creator whose identity is still not known! I fell down the rabbit hole & have been following Bitcoin since 2011. This podcast is my evolving journey in the world of cryptocurrency as I try to reconcile my bitcoin maximalist philosophy & my respect for the Austrian Economic, Libertarian & Cypherpunk roots of bitcoin's creation with the desire to stack BTC by investing in the rest of the space. I hope you enjoy the conversations.