4.6 • 8.7K Ratings
🗓️ 12 November 2021
⏱️ 51 minutes
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0:00.0 | On this week's on the media, where art, internet, culture, and money converge, some see a bull market. |
0:07.0 | Others see bull. |
0:09.0 | Charlie bit made. |
0:11.0 | Ow! |
0:12.0 | This famous viral video has been auctioned off overnight as a non-fungible token or an NFT. |
0:20.0 | I do not pretend that most of the art being traded as NFTs is the Mona Lisa. |
0:25.1 | That's the kind of the thing in crypto. |
0:26.1 | Sometimes it's like the dumber the investment, the better it is. |
0:29.0 | Why is that? |
0:30.3 | Because the community is around sort of flexing. |
0:33.1 | It's the more useless thing you can throw your money at, like the bigger status of it is. |
0:37.2 | We could say the bubble will burst as they inevitably do, but NFTs are already too big to |
0:41.3 | fail. |
0:41.9 | You can call it a scam all you want, but at the end of the day, here's how a market works. |
0:46.2 | If you buy something and somebody is willing to pay more for it than you, then you can make |
0:50.9 | money. |
0:52.0 | A much-needed primer on the world of NFTs coming up. |
1:00.9 | From WNYC in New York, this is On the Media. |
1:04.7 | I'm Brooke Gladstone. |
1:06.2 | 21 months into the pandemic, |
1:08.9 | the economy is recovering in a way that can only be called |
1:12.5 | uneven. The global supply chain crisis continues to slow the economic recovery from the |
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