Twitter Takeovers: All About NFTs

Topher DeRosia
April 25, 2022

This week’s Twitter takeover was all about NFTs, non-fungible tokens.

Non-fungible token - Wikipedia

A non-fungible token ( NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger…

Of all the topics we’ve covered, this is the one I knew the least about, so I was very grateful for some knowledgeable people taking part.

The first question I asked was intended to get the lay of the land and find out how the audience felt about NFTs.

We didn’t really have any nay-sayers, the closest was from Zsanett:

The individuals firmly in the “pro” camp were very evident:

Buying

I asked who had bought and why. The answers surprised me, given the general positivity of the chat.

Scams

There have been some popularly reported scams recently, so I asked about that as well.

Surprises

There were some things that came up during the conversation that really surprised me. Things that I had no idea were even part the conversation in the first place.

This also came into the discussion:

With these great responses:

The biggest thing I took away from the NFT conversation is that trading in images is a very small part of something much larger, and the underlying technologies are going to change how we do business on the internet for a long time. So even if you don’t care about spending $10,000 on a picture of a cartoon monkey, perhaps it’s time to start paying attention to the ecosystem.

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