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Arts·Commotion

Have we reached the end for NFTs?

Tech reporter Alyssa Bereznak tells host Elamin Abdelmahmoud about how NFTs rose to prominence during the pandemic, and what they're worth now.

Tech reporter Alyssa Bereznak explains the unbelievable rise and long-anticipated fall of non-fungible tokens

CBC Arts ·
An illustration picture taken in London on December 30, 2021, shows a PsychoKitty NFT (Non-Fungible Token) created by psychedelic artist Ugonzo displayed on a phone and a NFT logo displayed on a computer screen from a Crypto.com NFT marketplace. - Non-fungible tokens or NFTs are cryptographic assets stored on a blockchain with unique identification metadata that distinguish them from each other. - RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by Justin TALLIS / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by JUSTIN TALLIS/AFP via Getty Images)
An illustration picture taken in London on December 30, 2021, shows a PsychoKitty NFT (Non-Fungible Token) created by psychedelic artist Ugonzo displayed on a phone and a NFT logo displayed on a computer screen from a Crypto.com NFT marketplace. (Photo by JUSTIN TALLIS/AFP via Getty Images) (Justin Tallis/AFP/Getty Images)
10:24Have we reached the end for NFTs?

Are NFTs dead? A group called dappGambl surveyed over 73,000 collections and found that 95 per cent are worthless.

Tech reporter and friend of Commotion Alyssa Bereznak joins host Elamin Abdelmahmoud to recap the NFT goldrush of the 2020s as a whirlwind of money and celebrity endorsements that ultimately crashed.

You can listen to the full discussion from today's show on CBC Listen or on our podcast, Commotion with Elamin Abdelmahmoud, available wherever you get your podcasts.

Interview with Alyssa Bereznak produced by Jane van Koeverden.

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