1.1 KiB
1.1 KiB
Non Fungible Token
A type of smart contracts that associates a tradable crypto asset with a unique piece of data, often a url to hosted image representing some abstract or perceived notion of ownership in art or sign value. Since the tokens have "unique" data associated with the token it is non-fungible unlike other crypto assets which aspire to be a fungible private money.
NFTs have no fundamental value.
NFTs are a speculative asset.
NFTs have no use value.
NFTs have been critizied as having a payout structure similar to a pyramid scheme or multilevel marketing scheme.
Duplication
#todo
Multiple-chains
#todo
Link Rot
NFTs have been critized as having no relationship to the underlying artwork and being subject to link-rot.
Redefinition of Ownership
#todo
Tinkerbell Effect
- [@bodo_rise_2022]
- [@diehl_tinkerbell_2021]
- [@olson_line_2022]