A sceptic’s guide to crypto: NFT mania

In the third episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly unpacks the craze around non-fungible tokens (NFTs). Blockchain technology gave us NFTs, and NFTs have created a new way for artists to sell digital work. But NFTs have also become a breeding ground for rampant fraud and scams. And then there’s the most recent crypto crash: can NFTs survive it? Jemima hears from artist Kevin McCoy, who created an early version of the NFTs, as well as Spottie WiFi, the world’s first and only NFT rapper, and Aless Ribeiro, co-founder of Rug Pull Finder, an NFT scam investigation service.

You’ve been listening to Tech Tonic from the Financial Times with Jemima Kelly. Special thanks this week to the FT’s tech reporter Cristina Criddle and global tech correspondent Tim Bradshaw, who conducted the interview with Spottie WiFi. Tech Tonic’s senior producer is Edwin Lane, our producer is Josh Gabert-Doyon, and Manuela Saragosa is executive producer. Our sound engineer is Breen Turner, with original scoring by Metaphor Music. The FT’s head of audio is Cheryl Brumley.

News clips credits: Spottie Wifi, NBC, Fox News

Read a transcript of this episode on FT.com

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