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Bayan
01-16-2023, 12:33 AM
It started with a picture posted on the internet, and ended in an extravagant cryptocurrency bidding war. NFTs, or “nonfungible tokens,” have recently taken the art world by storm. Sabrina Tavernise (https://www.nytimes.com/by/sabrina-tavernise), a national correspondent for The Times, speaks with the Times columnist Kevin Roose about digital currency’s newest frontier, his unexpected role in it and why it matters.

Guest: Kevin Roose (https://www.nytimes.com/by/kevin-roose), a technology columnist for The Times who examines the intersection of technology, business, and culture.

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Background reading:


NFT mania has reached new highs in recent months, with a digital artwork by an artist known as Beeple selling for $69.3 million (https://www.nytimes.com/2021/03/11/arts/design/nft-auction-christies-beeple.html?smid=pc-thedaily). A trading card featuring the quarterback Tom Brady sold for $1.3 million (https://www.nytimes.com/2021/03/13/technology/crypto-art-NFTs-trading-cards-investment-manias.html?smid=pc-thedaily) and an NFT of the first tweet from Jack Dorsey, the chief executive of Twitter, went for $2.9 million.
What are these nonfungible tokens and why do people pay so much for them? Here’s a primer (https://www.nytimes.com/2021/03/11/arts/design/what-is-an-nft.html?smid=pc-thedaily).
A picture of Kevin Roose’s column “Buy This Column on the Blockchain! (https://www.nytimes.com/2021/03/24/technology/nft-column-blockchain.html?smid=pc-thedaily)” was put up for auction and sold for about $725,000. He also wrote about the surreal experience of selling the NFT (https://www.nytimes.com/2021/03/26/technology/nft-sale.html?smid=pc-thedaily) and spoke to a few people who placed bids.
For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.



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