NFTs were a big sensation, but the market for them has crashed. This week, we invited a crypto-sceptic, FT columnist Jemima Kelly, to answer all the questions you were afraid to ask. What are NFTs exactly? What happened with them? And have they changed the way we think about art? Jemima hosts the latest season of our FT podcast Tech Tonic, which is all about the cult of crypto.

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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.

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Links and mentions from the episode:

– Tech Tonic is available wherever you listen to your podcasts, or at www.ft.com/tech-tonic. The episode on NFT mania is here

– Jemima’s most recent column, ‘Don’t believe the maximalists: bitcoin can’t be separated from crypto’: https://on.ft.com/3SaAAia

– Jemima is on Twitter @jemimajoana

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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast

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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco

Read a transcript of this episode on FT.com

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How NFTs shook up the art world 18:45 Share

Life and Art from FT Weekend

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How NFTs shook up the art world