As we all now know, NFTs are the talk of the art world these days—they're everywhere. It's gotten to the point where you can't have a simple conversation with someone without them bringing up NFTs, or trying to turn the conversation in that direction.

Due to an unusually hectic few weeks on the work and home fronts, our illustrious host, Andrew Goldstein, has been hunkered down at home with his wife as they prepare to welcome their first baby to the world, and has managed to drown out the oceanic wave of NFT news, and came into this week's episode cold.

Fortunately, here at Artnet News, we are blessed with an able Virgil to guide our dimwitted Dante through the purgatory of NFTs in the form of art business editor Tim Schneider, who has become something of an expert on the subject. Tim will help break down what exactly an NFT is, why we should care, and what it could mean for the future of the art market.