How NFTs shook up the art world
Life and Art from FT Weekend
Forhecz Topher
4.6 • 601 Ratings
🗓️ 24 September 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
NFTs were a big sensation, but the market for them has crashed. This week, we invited a crypto-sceptic, FT columnist Jemima Kelly, to answer all the questions you were afraid to ask. What are NFTs exactly? What happened with them? And have they changed the way we think about art? Jemima hosts the latest season of our FT podcast Tech Tonic, which is all about the cult of crypto.
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Want to stay in touch? We love hearing from you. Email us at [email protected]. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Tech Tonic is available wherever you listen to your podcasts, or at www.ft.com/tech-tonic. The episode on NFT mania is here
– Jemima’s most recent column, ‘Don’t believe the maximalists: bitcoin can’t be separated from crypto’: https://on.ft.com/3SaAAia
– Jemima is on Twitter @jemimajoana
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Oh my God, bro. |
| 0:02.2 | How'd you get that in here? |
| 0:04.0 | I got the connection. |
| 0:05.5 | Lamb, don't trip. |
| 0:06.5 | I feel like you get me high again, bro. |
| 0:12.1 | About a month ago, Eminem and Snoop Dogg performed at the VMAs. |
| 0:17.0 | The VMAs are the MTV Video Music Awards, and this is what it looked like. |
| 0:22.0 | Snoop is on a stage, he's smoking a massive joint, Eminem is next to him, |
| 0:26.6 | and then suddenly the two of them are presumably too high for this earth, |
| 0:30.4 | and they just shift into an alternate dimension. |
| 0:34.4 | Is that? |
| 0:35.6 | Yeah, what the fuck? |
| 0:36.8 | Man, this shit's the size of my hand, dog. |
| 0:39.1 | Shit's going to make me relax. |
| 0:42.3 | They become cartoons. |
| 0:44.6 | And then they perform most of the set that way. |
| 0:48.0 | The avatars they've turned into are monkeys. |
| 0:51.0 | Or to be more specific, there's something called bored apes. |
| 0:55.0 | If you don't know what bored apes are, they're these illustrations of apes that are inspired |
| 0:58.7 | by the band Gorillas. |
| 1:00.7 | And Bored Apes are also NFTs, non-fungible tokens. |
| 1:05.3 | A little while ago, a Bored Ape NFT might have cost you more than a million dollars. |
... |
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