What are NFTs?
**NFTs (non-fungible tokens) are BASICALLY deeds/certificates of ownership for digital ART(IFACTS).**
You can be the owner of a one-of-a-kind piece of art like a .jpg, .png, .gif, movie file (think of owning the unpublished footage of a NBA 3-pointer), music file, blog... It’s original art auctioning, but make it digital.
This is a huge moment for artists everywhere, even if the million-dollar CRAZE is temporary. Now, you don’t have to be a sculptor or oil painter to be given a voice at the “fine art price tag” table!
AND!!? This kind of technology isn’t going anywhere! Have a listen to our episode, where we break it down. Even if you know what NFTs are, we imagine the future use-cases in an increasingly digital world.
Kings of Leon, Jesus-shaped Cheetos, Smart Contracts, thwarting concert tix scalpers, “Crypto Kitties” vs Tamogatchis, the underground trading world of Rare Kool-Aid packets…they all have a place in this podcast.
Follow us on twitter @talkbittytome & email us at talkbittytome@gmail.com.
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01:33 - Privilege
06:45 - Sponsor Shout Out!
08:03 - Diving in to NFTs: Definition, What is Ethereum and how does it facilitate a "smart contract," what is "decentralized finance" (DeFi)
12:00 - BUT WHAT IS A SMART CONTRACT
14:35 - Pause and Review**SKIPTOHERE if you want to miss nerdy stuff.*
16:50 - Okay: "An NFT is a deed of ownership to digital art."
22:40 - The Future of NFTs (or, get these artists PAID)
29:08 - cool announcement ;)
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