Why the NFT craze is here to stay | The Hindu In Focus Podcast
b'Non-fungible tokens, or NFTs as they are known, have been around since 2017. But they suddenly went mainstream this year, attracting the attention of both crypto-currency traders and general investors. The sale of a tokenised digital art work titled \\u2018Everydays \\u2013 The First 5000 Days\\u2019 by an artist called Beeple, for $69 million, appears to have unleashed an \\u2018NFT bubble\\u2019, with some analysts comparing to the \\u2018Tulip bubble\\u2019 of the 17th century.\\nAre NFTs primarily a digital art-related phenomenon \\u2013 a way to trade digital art and other digital collectibles? Or will they have a wider impact in the offline world as well, extending to domains such as music, fintech, and real estate? We demystify NFTs in this episode of In Focus with Dr Merav Ozair. Dr\\xa0Ozair is a FinTech Faculty member at Rutgers Business School.\\xa0She is a data scientist, a quant strategist, and a Crypto/Blockchain expert.'