Sunday Extra - Separate Stories Podcast

The NFT market: the emperor's new clothes?

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Synopsis

As cryptocurrency values crash around the world, the NFT market is following suit and crashing as well. The two are tightly connected as NFTs are bought with cryptocurrency. The NFT market has skyrocketed since 2021, when $69m USD was paid for an NFT by hitherto-unknown artist, Beeple. But freelance tech reporter Amy Castor says a lot of the NFT market is not real – it’s fake.