How do non-fungible tokens work, what are the risks, and how do NFTs fit within the landscape of investments.

Topics covered include:

• Investing in physical art versus cryptoart
• How NFTs work on the ethereum blockchain
• How Ethereum differs from Bitcoin
• What is the purpose of investing and are NFTs investments
• How much energy do cryptocurrencies and the financial system consume
• What are the risks of NFTs

Thanks to Amazon Pharmacy and SmartAsset for sponsoring the episode.

For more information on this episode click here.

Show Notes

Want to Buy an NFT? Here’s What to Know by Amber Burton—The Wall Street Journal

From Crypto Art to Trading Cards, Investment Manias Abound by Erin Griffith—The New York Times

NFTs, explained by Mitchell Clark—The Verge

HERE IS THE ARTICLE YOU CAN SEND TO PEOPLE WHEN THEY SAY “BUT THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?” by Everest Pipkin

39% of PoW mining is powered by renewables – Cambridge University Cryptoasset study by Gareth Jenkinson—The Daily Chain

Cambridge Bitcoin Electricity Consumption Index

Bitcoin Energy Consumption Index—Digiconomist

Ethereum Energy Consumption Index (beta)—Digiconomist

The Bitcoin vs Visa Electricity Consumption Fallacy by Carlos Domingo—Hacker Noon

How much would you pay for a virtual sofa? by Anne Quito—Quartz

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai

Techno-optimism, behaviour change and planetary boundaries by Adair Turner—Keele World Affairs Lectures on Sustainability

Related Episodes

167: Is Bitcoin Better At Money Than The Dollar?

182: Was Tulipmania Just Like Bitcoin?

228: How Tokenization Will Radically Change Investing

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