What are NFTs? | The Economist


In the past year a new trend in the crypto world has boomed: NFTs, or non-fungible tokens. They started as a way for digital artists to have ownership over their work but have transformed into a dizzying new multi-billion-dollar marketplace. Are they worth the hype?

00:00 – Are NFTs worth the hype?
01:38 – How to sell an NFT
03:24 – Where did NFTs come from?
04:51 – Why are NFTs so popular?
05:45 – NFTs in the artworld
07:04 – The risks in buying and selling NFTs
08:08 – NFTs in the metaverse
08:53 – The real world uses of NFTs

Read Alice Fulwood’s cover story on decentralised finance: https://econ.st/3L3yzBh

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Why did we decide to sell our own NFT?: https://econ.st/3ofuyzV

Listen to our podcast episode on how our NFT auction went: https://econ.st/3sccbNv

What is an NFT?: https://econ.st/3KYbtfb

Find our most-read explainers on decentralised finance: https://econ.st/3KYbDDj

Did an avant-garde French artist sell the first NFT?: https://econ.st/3s6fsxC

How is the market for NFTs growing?: https://econ.st/35HW42z

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