NFT, as was probably explained to you hundreds of times from January 2021 to May 2022, stands for "nonfungible token", and essentially means you can buy a code that says you own a digital asset, which is then stored on the blockchain, a sort of centralised public transaction ledger. There were a lot of hyped future uses for this technology, but for the most part it was used to buy jpegs of monkeys, or maybe sometimes a lion.
Before the boom, there were whispers that the NFT community would transform the way people viewed and bought and thought about art and collectibles, and there were some technological advancements pushed during that time that will have a positive impact on whatever the next iteration of the internet will be. But what the short, sharp NFT hype cycle will mainly be remembered for will be: insanely bad art, hyper-inflated prices, digital hucksterism, $17bn of sales in 2021 and a 90% sales drop in 2022, John Terry, and that one mate everyone has who spent thousands on one and now goes really quiet whenever the subject of NFTs comes up in conversation.
هذه القصة مأخوذة من طبعة October 06, 2023 من The Guardian Weekly.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 06, 2023 من The Guardian Weekly.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
If kids get protected from online harm, how about the rest of us?
The Australian government has proposed a ban on social media for all citizens under 16.
'It's not drought - it's looting'
Spain is increasingly either parched or flooded - and one group is profiting from these extremes: the thirsty multinational companies forcing angry citizens to pay for water in bottles.
Life in the grey Zone
Neonatal care has advanced so far that babies born as early as 21 weeks have survived. But is this type of care always the right thing to do?
Out of tune? Band Aid under fire for Africa tropes as it turns 40
Forty years ago this month, a group of pop stars gathered at a west London studio to record a single that would raise millions, inspire further starry projects, and ultimately change charity fundraising in the UK.
Deaths shine spotlight on risks of drinking on party trail
Vang Vieng is an unlikely party hub. Surrounded by striking limestone mountains and caves in central Laos, it morphed from a small farming town to a hedonistic tourist destination in the early 2000s.
Different strokes My strange and emotional week with an AI pet
Moflin can develop a personality and build a rapport with its owner - and doesn't need food or exercise. But is it comforting or alienating?
Strike zone Waking up to the rising threat of lightning
When the Barbados National Archives, home to one of the world's most significant collections of documents from the transatlantic slave trade, reported in June that it had been struck by lightning, it received sympathy and offers of support locally and internationally.
Cheap pints and sticky carpets: the old-school pub is back
In the Palm Tree pub, east London, barman Alf is taking only cash at the rattling 1960s till.
Brain gain Can a radical tax scheme convince the country's brightest to stay?
In the autumn of 2018, I moved to Lisbon for a month-long course at the Universidade .de Lisboa.
Fear and sympathy in small town divided over asylum camp
A year after anti-immigration riots, a site for asylum seekers faces hostility while some locals try to help new arrivals
