Money Talks: Is the future non-fungible?
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 27 October 2021
⏱️ 31 minutes
🧾️ Download transcript
Summary
This week The Economist auctioned off an Alice in Wonderland-inspired NFT for charity. Host Rachana Shanbhogue finds out how the sale went and explores the promise and pitfalls of this dizzying new market. Plus, the financial landscape in Africa is changing fast: we ask why the unicorn population has more than doubled this year and speak to Sim Tshabalala, head of the continent’s largest lender, Standard Group Bank.
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Transcript
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| 0:00.0 | heard about Magpie, the vegan pie truck that needed a bit of help from GoDaddy. |
| 0:03.3 | One day the owners are like, |
| 0:04.8 | this business hasn't reached this potential. |
| 0:07.0 | And the other one goes, |
| 0:08.0 | we need a bigger piece of the pie. |
| 0:09.8 | And then it hits her. |
| 0:11.0 | We need GoDaddy. |
| 0:12.0 | Look, we can get it the main name and create an online store |
| 0:14.8 | so we can sell to more customers. |
| 0:16.7 | Now they've gone from serving a couple of pies |
| 0:19.1 | to vlogging nationwide. |
| 0:20.8 | And now everyone's like, |
| 0:22.2 | vegan pies are the new thing around here. |
| 0:25.0 | Wait, know me! |
| 0:26.8 | Till the next step on your business journey with GoDaddy. |
| 0:38.0 | The market for non-fungible tokens is evolving fast. |
| 0:41.8 | People are spending hundreds of thousands |
| 0:43.6 | or even millions of dollars on NFTs. |
| 0:46.5 | To explore this entertaining fast-paced and flawed market, |
| 0:50.4 | this week the economist went down the rabbit hole. |
| 0:53.4 | You're listening to money talks from the economist. |
| 0:57.6 | Our weekly podcast on the market, |
... |
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