Block Climbing podcast: NFTs aren’t what you think they are
This week, LimeWire rebrands as an NFT marketplace and Joe Biden acknowledges crypto with an executive order. Meanwhile, Tegan & Tim break down what NFTs actually are.
If you've been anywhere near the internet over the past few months, you probably haven't been able to escape the NFT discourse. And we're very sorry about that.
But here's the thing. Most people are wrong about what they are and what they actually own when they drop fat stacks on one.
So this week, Tegan & Tim tear popular NFT views apart while also offering a fresh perspective on what the technology could offer the world beyond apes and MS Paint job art.
Elsewhere in the episode, they look at Joe Biden's cryptocurrency executive order, Australian crypto regulation and LimeWire (yes, the pirating site) rebranding as an NFT marketplace.
Listen to the episode: NFTs aren't what you think they are
Show notes and sources: NFTs aren't what you think they are
- When chatting about NFTs, we mentioned that buying an this kind of artwork doesn't mean you own the intellectual property rights, copyright or distribution rights. The exception to this is if the artist has baked in these conditions into the contract. But this isn't what happens in a lot of cases.
- Here's the fact sheet from Biden's crypto-related executive order
- And this is the submitted report to the Australian government about cryptocurrency and other digital assets
- The Turing Institute's analysis of OpenSea: Non-fungible tokens: can we predict the price they'll sell for?
A Guide to Ecofriendly CryptoArt (Branch)
The Carbon Footprint of Polygon (Digiconomist)
- NFT frames really are a thing – even Samsung's The Frame TVs are supporting this