Ep. 14: Can an old dog learn new tricks?

MmeJalo

9 min

News

Description

Welcome to the 5x5 Crypto podcast. Each week, we cover the “so what’ of 5 key crypto stories in about 5 minutes. My name is Afo and I’m interested in crypto. I think you’ll enjoy this week’s episode. Like and subscribe on <a href="https://podcasts.apple.com/us/podcast/5x5-crypto-news/id1556576018">iTunes</a>, <a href="https://open.spotify.com/show/5SbhgnAeepiC51rX66nkV5">Spotify,</a> and Substack. Let’s go! Ladies and gentleman, it’s finally here. Tomorrow is pi-day. One of my newer traditions is to gorge myself with a variety of pies every 14th of March. I hope you celebrate too. Hopefully we don’t blow up like NFTs have this week. Let’s dive in. NFTs are blowing up Christie’s auctioned 5,000 digital art pieces by Beeple for a record $69M, this is the third highest sale by a living artist So what? You might have only just heard about NFTs but they have been around since 2012. Like many innovations that seem like an overnight success, the current NFT digital art buzz has been years in the making. Beeple, the artist who is now $69M richer, had created one digital art piece everyday for the past 13 years. There are no shortcuts. I’m inspired by his consistency in honing his craft. The fact that Christie’s, the venerable 255 year old British auction house, hosted the sale speaks to the inroads NFTs have made into high end art scene. NFTs will likely prove to be a key gateway for folks to engage with the crypto universe. So the big question is what next? I’m not sure. Beeple’s success will draw more creatives into NFTs. Collectors will also pile in. The NFL is not far behind and I bet companies like Disney and Marvel are figuring out how to play in this new world. Who are the winners? I think the Winklevoss Twins are well positioned to do well. They own <a href="https://niftygateway.com/">Nifty Gateway</a> which is one of t

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