$69M Art, Investing in Grayscale and the Future of Money

A collection of 5,000 .jpg files just sold at Christie’s for $69.3 million. Why? Because it’s art, it’s digital and it’s on a blockchain. Hosts Anna Baydakova and Danny Nelson dive into the non-fungible token (NFT) phenomenon and its wildest, eye-popping twist yet on “Borderless” this week, discussing what makes NFTs so valuable and whether they’re here to stay – potentially turning the art world on its head. Even hackers are paying attention.

The conversation then turns to Israel, where local media reported the Altschuler Shacham pension fund invested $100 million in Grayscale’s Bitcoin Trust at $21,000. (Grayscale is owned by CoinDesk parent company DCG). It’s the latest example of traditionally conservative money flowing into the historically volatile crypto. Danny and Anna discuss the trend. 

Finally, “Borderless” heads to New Zealand where a startup’s started minting one of the world’s earliest fully compliant stablecoin. With currency digitization sweeping across borders, the hosts consider how the future of money might be shaped by corporations and governments, too.

Articles in the podcast: 

https://www.coindesk.com/beeple-nft-christies-auction

https://www.coindesk.com/israeli-pension-giant-put-100m-into-grayscale-bitcoin-trust-report

https://www.coindesk.com/new-zealand-stablecoin-techemynt

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