How NFTs are building the internet of the future | Kayvon Tehranian

TED Talks Daily

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Creativity, Business, Design, Inspiration, Society & Culture, Science, Technology, Education, Tech Demo, Ted Talks, Ted, Entertainment, Tedtalks

4.1 • 11.9K Ratings

🗓️ 5 October 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this revelatory talk, technologist Kayvon Tehranian explores why NFTs -- digital assets that represent a certificate of ownership on the internet -- are a technological breakthrough. Learn how NFTs are putting power and economic control back into the hands of digital creators -- and pushing forward the internet’s next evolution.

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Transcript

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0:00.0	It's TED Talks Daily. I'm Elise Hugh. You've probably heard a lot about NFTs or non-fungible tokens this year. They seem to have come out of nowhere to become the most buzzed about intersection of technology and art in a long time. In his 2021 talk at Ted Monterey, creative technologist Kvon
0:23.7	Taranian defines NFT for us and talks through their promise, their potential, and their place
0:30.1	in a vision of the Internet's future. NFTs are not a scam. NFTs are not a scam.
0:38.9	NFTs are not a fad.
0:41.2	In fact, NFTs are the building blocks of the Internet of the future.
0:46.4	But in order for us to see this future clearly,
0:49.5	we first need to go back into the past.
0:52.6	The year is 1992. The World Wide Web is only three years old.
0:58.7	For the first time in human history, we share a global commons. We're irrespective of where we are in the
1:05.5	physical world, we can convene and share information freely. Most people at that time couldn't see what it meant to be connected by a network of computers.
1:16.3	In fact, many people thought the internet itself was a scam or a fad.
1:21.8	But a few early internet pioneers saw the potential in this burgeoning technology.
1:29.0	One of those early internet pioneers, John Perry Barlow, saw both the opportunities and pitfalls inherent in our new digital
1:37.5	world. And of early cyberspace, he posed a prescient riddle all the way back in 1992,
1:45.8	that I'll paraphrase for you.
1:51.0	If our property can be infinitely reproduced and instantaneously distributed across the planet without cost,
1:57.4	how are we going to protect it?
2:00.9	How are we going to get paid for the work we do with our minds?
2:05.8	And if we can't get paid, what will assure the continued creation and distribution of such work?
2:14.7	A lot has changed on the internet since 1992.
2:18.3	The internet itself is an alive and evolving technology.
2:22.3	And as predicted by its earliest champions,
	...

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