To celebrate sending an agoraphobic Robert “I am A” Badman kicking and screaming to the NFT Fest in ‘St Kilda’ (which we’re told is a Melbourne suburb) today, we asked willing hashtag Guinea Pig, the Hong Kong-based Hex Trust MD Geoff McAllister – #crypto, #defi, #digitalassets, #blockchain, #Custody, #fintech, #hextrust, #hiring #etc etc – to take a moment from banging his head against an #SBF concrete cut out and expand our minds on the very frontiers of Web3.
NFTs. Innovative, genre-bending work at the slicing and dicing intersection of incredible creatives and emerging blockchain technologies, or #MoreBollocks designed to bleed the human heart dry of hope and money??
According to the crypto-data site Coindesk, “What is an NFT” still gets an average 948,000 searches every month, globally.
So yeah, what is an NFT?
Here’s a response from CoinGecko’s head of research, Zhong Yang Chen:
“NFTs are unique, non-fungible tokens on the blockchain, often used as digital representations of assets such as art, collectibles, music, video game items, and real-world assets such as property deeds, luxury items, diamonds, and more.”
That’s a good summary, although Badman still actually quite likes Paris Hilton’s description of them, too:
“[An NFT] is basically a digital contract on the blockchain… so you can sell anything from art, to music to experiences, physical objects…” Hilton explained to The Tonight Show host Jimmy Fallon in August 2021.
In a message sent to Stockhead while arriving at the festival this morning, Badman said:
Not an exactly uplifting start.
But the festival apparently offers rare access to an extensive and diverse program of workshops, panels, cutting-edge virtual experiences, and live performances, with exclusive content and contributions from creative leaders across painting, fashion, music, film, and illustration.
That’s why we asked…
