Digital art, the problem with digital art is that it can be replicated and pasted. People are like, how are we going to stop people from doing this? And then suddenly there was this like, oh, maybe we can do it with NFTs. It just means that you create a string of code that you say represents something. You can really be anything you decide you want to be an NFT.
NFTs were a big sensation, but the market for them has crashed. This week, we invited a crypto-sceptic, FT columnist Jemima Kelly, to answer all the questions you were afraid to ask. What are NFTs exactly? What happened with them? And have they changed the way we think about art? Jemima hosts the latest season of our FT podcast Tech Tonic, which is all about the cult of crypto.
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Tech Tonic is available wherever you listen to your podcasts, or at www.ft.com/tech-tonic. The episode on NFT mania is here
– Jemima’s most recent column, ‘Don’t believe the maximalists: bitcoin can’t be separated from crypto’: https://on.ft.com/3SaAAia
– Jemima is on Twitter @jemimajoana
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
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