Intelligence Squared NFT's and Why Blockchain Means Business, with Sheila Warren and Carl Miller
Mar 19, 2021
Sheila Warren, Head of Blockchain and Data Policy at the World Economic Forum, joins Carl Miller for a deep dive into the transformative power of NFTs and blockchain technology. They discuss the monumental sale of a digital artwork for $69 million, signaling NFTs reaching mainstream audiences. Topics include the complexities of NFT ownership and copyright, the contrasting values of NFTs and Bitcoin, and the potential redefinition of property law. They also touch on decentralized governance and its implications for the future of technology and society.
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Historic NFT Sale
- Christie's sold a purely digital artwork, an NFT by Beeple, for $69 million.
- This intersection of traditional art markets and digital art via NFTs is significant.
NFTs Explained
- NFTs, or non-fungible tokens, are unique, one-of-a-kind blockchain-backed tokens representing digital ownership.
- Unlike Bitcoin, NFTs are not interchangeable, and their value is tied to the specific digital asset.
CryptoKitties' Impact
- CryptoKitties, an early NFT project, became so popular that it congested the Ethereum blockchain.
- This craze demonstrated the potential of digital collectibles and paved the way for artists to adopt NFTs.