Non-Fungible Tokens (NFTs)

It’s weird to me that people get regular tokens, but don’t get NFTs? NFTs are enriched tokens, with higher information density, that can enable far more use cases. It’s a new asset class. If you don’t get it, it’s not due to lack of information, but due to lack of imagination.

1/ NFTs as JPEGS will not be the dominant mental model of what they are in the future. Feels very much like "NFT 1.0" which is probably worth coining because similar to "Web X.0," the scale of NFTs' impact will be similar.

Sorry to be a hater but as someone who has run a business around collectibles (vinyl records) and worked for independent artists... ...NFTs are just shadow money, generated by artists, passed onto consumers.