Each weekday, stacy-marie ishmael dives into everything from Bitcoin to Bored Apes, NFT’s to DeFi, Staking to Web3. Bloomberg Crypto, from Bloomberg and iHeart Radio, goes deeper than the daily market buzz to explore how this asset class is shifting the way we live
Don't Believe the [NFT] Hype
Don't Believe the [NFT] Hype
At the height of NFT mania, everyone from athletes like Tom Brady to celebrities like Justin Beiber seemed to be buying (or talking about) collections like Bored Ape Yacht Club. Non-fungible tokens aren’t just pictures of monkeys though - they exist on the blockchain, and buying or selling them typically requires paying in some kind of cryptocurrency, often Ether. While the link between NFT prices and the prices of tokens like Ether or Solana is not always straightforward, it’s true that nonfungible tokens haven’t been entirely spared from the chill of the crypto winter. For more on NFTs, and how and whether they’re holding up these days, Bloomberg reporter Prarthana Prakash joins this episode.
Aug 10, 2022