What exactly are Non-Fungible Tokens (NFTs)?

Photo by Elisa Maesano on Unsplash

Okay, enough of all this technical talk.

In essence, what makes NFTs so attractive (and sometimes valuable), is their inherent rarity which ultimately leads to scarcity in the digital world. And as any aspiring economist knows, limited supply breeds surging demand.

Now that’s the underhyped bit.

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