In this episode of Magic Internet Money, host Brad Mills invites NFT (Non-Fungible Token) specialist and art collector, Steve Wand to the show to discuss the recent boom in NFTs. Steve explains what NFTs are and his experience with virtual assets and collectables pre-NFT. For the unaware, the short version is that NFTs are a blockchain signature that can be attached to digital items and then sold. Wand discusses a little bit about the “metaverse”; the concept that the digital space will increasingly resemble meatspace. The two share their history with virtual economies from video games like World of Warcraft to various blockchain projects.

In this episode, Brad taps Ivan Brightly to analyze Bitcoin's current crazy rally and its lifting of altcoins with it. Ivan is Brad's friend, fellow Bitcoiner, and investment partner. He was also an early partner at Mike Novogratz's crypto investment firm Galaxy Digital. The two get into one of the space's most touchy debates: should you put your money in Bitcoin only, or should you bet on altcoins as well as DeFi? Some sections of DeFi have raised eyebrows as some people question whether it's really about 'decentralizing finance' or if there's more than meets the eye. Tune in to hear the two's (often contrasting) stances on this and more.