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Podcast: In Focus by The Hindu
Episode: Why the NFT craze is here to stay | The Hindu In Focus Podcast
Description: Non-fungible tokens, or NFTs as they are known, have been around since 2017. But they suddenly went mainstream this year, attracting the attention of both crypto-currency traders and general investors. The sale of a tokenised digital art work titled ‘Everydays – The First 5000 Days’ by an artist called Beeple, for $69 million, appears to have unleashed an ‘NFT bubble’, with some analysts comparing to the ‘Tulip bubble’ of the 17th century.Are NFTs primarily a digital art-related phenomenon – a way to trade digital art and other digital collectibles? Or will they have a wider impact in the offline world as well, extending...