S6E4—How NFTs Could Change the (Real) World

Sometimes a new technology comes along that you’ve barely heard of but could change everything. Like how we OWN things. Adam & Chris are putting the fun in Non-Fungible Tokens—the relatively new digital tech also known as “NFTs” OWN THE NFT FOR THIS DEVICE & VIRTUE EPISODE Are we kidding? No! You can buy the NFT for this very episode! CHECK IT OUT HERE CHRIS & ADAM ARGUE ABOUT NFTS They use the same underlying technology as Bitcoin, but NFTs aren’t money—they are being used more like a digital deed—an ownership certificate that allows people to buy digital goods. Some of the questions Adam & Chris argue about this episode: There are already people paying millions of $ for some digital cat images online. It seems crazy. Are NFT’s a fad? Digital things can be copied with just a right-click! Why does anyone care about owning an “original?” What is an original anyway? If NFTs stick around, what are the effects on the world? What is a Christian ethic of ownership? LINKS & RESOURCES OpenSea —Chris called this the current “Amazon of NFTs” American rock band the Kings of Leon sold an album as an NFT Artist Beeple sold digital art collection for a record $70 million “No, NFTs Aren’t Copyrights” by Harrison Jordan via TechCrunch “The Work of Art in the Age of Mechanical Reproduction”—1935 essay by Walter Benjamin that Adam brings up talking about how technology has affected our view of “originals” Manifold—NFT digital agency doing complex “digital contracts” with NFTs TALK BACK Follow Device & Virtue on Instagram and Twitter. Follow Chris and Adam on Twitter. Support Device & Virtue on Patreon. Learn more about your ad choices. Visit podcastchoices.com/adchoices