Episode 19: The angry backlash against NFTs in cycling, and how Bike Club NFT is trying to turn the tide
Description
A decentralised cycling club with members from all over the world, happily chatting away online about their shared love of all things bike… sounds great, right? Almost a little bit like what the original idea for road.cc was when we started out way back in 2008! It’s sort of what the founders of Bike Club NFT say they have started; however, if you add in the word ‘NFT’ and require members to buy in using the controversial cryptocurrency known as Ethereum, it turns out you risk making half of Cycling Twitter very mad indeed.
In this episode, Jack and Ryan speak to Bike Club NFT founders Tyler Benedict and Richard Mitchelson (better known as Rich Mitch) to establish what the hell NFTs are, and why they've decided to base their virtual bike club around something that the cycling community seems pretty damn unhappy with on the whole. Is it a financially irresponsible and environmentally damaging idea as some are claiming, or are we cyclists just luddites resistant to change? Have a listen and try to make up your mind, because we haven’t yet…
United States
