Carolina Snowflakes Podcast

This week on the Carolina Snowflakes Podcast we’re checking in on the state of things in the world of NFTs.

It’s been about a year since we last spoke in depth about the ins and outs of non-fungible tokens and since then there have been a lot of developments. Some good, some bad and some just plain weird.

We begin this week with a rundown of some the latest stats and numbers surrounding the use of NFTs in purchasing digital content. You might be surprised to hear how many people (including big name celebrities) are purchasing NFTs and how they’re shaping the future of digital commerce. Sites like OpenSea.io are expanding accessibility to NFTs as well as growing a robust online marketplace.

That said, not all is perfect in the land of NFTs. In the last year there have been numerous “rug pull” scams, where sellers have suddenly backed out of deals after being paid – leaving purchasers holding the bag and also holding a worthless NFT. One of the more recent and particularly egregious “rug pull” scams happened a couple months ago when porn star Lana Rhoades ran off with $1.5 million from the sales of her own custom NFT collection. Her actions left numerous buyers holding worthless NFTs and unable to recoup their losses.

We wrap up this week’s episode with a look at a recent sale of NFTs from a collection called “Le Bel Anus”. This NFT collection of 2,000 digital images of porn star buttholes was sold online earlier this month and quite frankly, we can’t stop giggling about it. Tune in to hear our first impressions of the unusual collection as well as how the sales were pitched, who made the money and the “perks” buyers were promised.

Although NFTs have seemingly gotten weirder and wilder, we feel it’s safe to say they’re here to stay.