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The NewsWorthy

Special Edition: NFT Frenzy Explained

The NewsWorthy

Erica Mandy

News, Daily News, Society & Culture

4.71.3K Ratings

🗓️ 10 April 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Confused about NFTs? What are they, where did they come from, and are they just a fad or do they have a real future?

We're getting answers today about the hottest thing in the crypto world lately.

Some NFTs have been auctioned off for millions of dollars (like Twitter co-founder Jack Dorsey's first ever 'tweet'), and we're seeing mainstream companies, sports organizations, and celebrities getting in on the action.

Our guest expert helps break it down. Nathaniel Whittemore, known as NLW, is an independent strategy and communications consultant for leading crypto companies and the host of 'The Breakdown'- the fastest growing podcast in crypto.

This episode is brought to you by NativeDeo.com/newsworthy and LightStream.com/newsworthy 

Get ad-free episodes by becoming an insider: www.theNewsWorthy.com/insider 

 

Transcript

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0:00.0

Today is Saturday, April 10th, and we're talking about the NFT frenzy.

0:04.0

NFTs are non-fungible tokens, and it seems they've become the hottest thing in the crypto world lately.

0:09.4

Some NFTs have been auctioned off for millions of dollars,

0:12.6

like Twitter co-founder Jack Dorsey's first ever tweet that sold for $2.9 million,

0:17.7

or a piece of digital artwork that sold for a record $69 million.

0:22.5

And we're seeing mainstream companies, organizations, and celebrities getting in on the action.

0:27.5

From the NBA's NFT version of trading cards,

0:30.2

to actor Ashton Kutcher's Venture Fund hosting a pitching contest for NFT-related startups

0:35.4

with judges like Snoop Dogg and Mark Cuban.

0:38.4

So what are NFTs?

0:40.6

How are they used?

0:41.7

And are they just a fad?

0:43.2

Or do they have a real future?

0:45.0

We're getting answers today from one of the top voices in crypto.

0:48.0

His name is Nathaniel Wittemore, but he's better known as NLW.

0:51.8

He's an independent strategy and communications consultant for leading crypto companies

0:55.9

and the host of The Breakdown, the fastest-growing podcast in crypto.

1:00.0

So here's our conversation about NFTs.

1:04.1

Welcome, welcome to The Newsworthy Special Edition Saturday,

1:07.2

when we sit down with a different expert or celebrity every Saturday to talk about something in the news.

1:11.6

Don't forget to tune in every Monday through Friday for our regular episodes

1:15.0

when we provide all the day's news in just 10 minutes.

...

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