Is There a Difference Between an NFT and an MP3?

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An nft is architecturally very different than other things on the inter net. If you don't like how somebody's treating your nft, you can just move it away. There's also a social aspect to these things. A lot of value in the world is about showing that you're early to something and have great taste. It could be wrong. Wut. This is not proven yet. But early signs are people do value these things as much as they value off-line items such as tea shirts or cars.

Chris Dixon leads crypto investing at the storied Silicon Valley venture capital firm Andreessen Horowitz, or a16z. He’s responsible for leading funding rounds for Coinbase, which went public about a year ago, the NFT marketplace OpenSea, and Yuga Labs, which is behind the Bored Ape Yacht Club among others. He is also a prolific user of Twitter, where he posts lengthy threads about crypto and web3. He is at once one of the biggest investors in the space, and its biggest booster.

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https://www.theverge.com/e/22784768

Credits:

Decoder is a production of The Verge, and part of the Vox Media Podcast Network.

Today’s episode was produced by Creighton DeSimone and Jackie McDermott and it was edited by Callie Wright.

The Decoder music is by Breakmaster Cylinder. Our Sr Audio Director is Andrew Marino and our Executive Producer is Eleanor Donovan.