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What Gives NFTs (Non-Fungible Tokens) Their Value?

But first, a tour through the seamier side of the internet, supported in large part by the very blockchain that mints NFTs

Here’s the second part of Episode 2 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert on the wild new online world of digital money, fan gear, contracts, and art. In the first part, Adam and Austin explained how digital collectibles — non-fungible tokens (NFTs) — work (or don’t). In this second part, What are NFTs?, they look at how people use them, with a sidestep into the swashbuckling world of crypto crime: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-199-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. The discussion continued with the NBA’s use of NFTs as the new “trading cards.” How are NFTs like or unlike the iconic cards? Adam Goad: That one…

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The NFT Anti-Bubble

When new technology is introduced, there is often a buildup of incredible hype. But eventually, people are going to recognize the limitations of the new technology and it can become irrelevant. Where are NFTs on this “hype curve” and will they continue to exist? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss non-fungible tokens, the economy, and…

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What Are NFTs?

What’s the big deal with non-fungible tokens (NFTs)? Is it worth it to invest in NFTs? How does copyright work with NFTs? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss non-fungible tokens, blockchain, and cryptocurrency. Additional Resources Adam Goad at IEEE Xplore Dr. Austin Egbert at IEEE Xplore ”Just As Cryptocurrencies Went Mainstream — a Huge Collapse!”…