Everand Logo

Welcome to Everand!

  • NPR

    What's An NFT? And Why Are People Paying Millions To Buy Them?

    The latest Internet hype is about a thing that doesn't really exist. Some collectors are spending millions of dollars on these digital items called non-fungible tokens, or NFTs.
    by Bobby Allyn Mar 05, 2021 4 minutes
    A work called Nyan Cat by Chris Torres sold for $590,000 recently. It's part of growing interest in digital assets, known as non-fungible tokens, or NFTs, that are generating millions of dollars in sales every day.

    The artist Grimes recently sold a bunch of NFTs for nearly $6 million. An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000. The band Kings of Leon is releasing its new album in the form of an NFT.

    The auction house Christie's, bids on an NFT by the artist Beeple are already reaching into the millions.

    And on Friday, Twitter CEO Jack Dorsey listed his first-ever tweet as an NFT.

    Safe to say, what started as an Internet hobby among a certain subset of tech and finance nerds has catapulted to the mainstream.

    Which leads to some obvious questions. Chief among them: What on earth

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR2 min read
    U.S. Troops And Equipment Will Leave Niger By Mid-September, The Pentagon Says
    Niger's decision to kick out American forces dealt a blow to U.S. military operations in the Sahel. U.S. troops and some gear already have begun leaving the country.
    NPR1 min read
    Don't Fight Back
    In 1964, the Birmingham Barons become Alabama's first integrated sports team. This is 17 years after Jackie Robinson integrated the Major Leagues. What took so long?Today, we hear how baseball helps desegregate America's most segregated city. Roy Woo
    NPR1 min read
    New Music Friday: The best albums out June 14
    This week, NPR Music's Daoud Tyler-Ameen and Ann Powers steer the New Music Friday podcast straight into the oncoming Father's Day weekend, following the lead of country superstar Luke Combs, whose new album Fathers & Sons is a heartfelt meditati

    Related Books & Audiobooks