The NFT Emperor Is Wearing No Clothes

NFTsroughly described as digital collectiblesare climbing in value. Albert Fox Cahn is a technologist, social entrepreneur, lawyer, and civil rights activist with a skeptical take on the matter. 

Konstanze Frischen: Albert, NFTs—or non-fungible tokens—are digital assets driven by blockchain technology, and NFTs representing digital artwork can sell for millions. What do you say?

Albert Fox Cahn: When people spend a lot of money on something, we often think they have a good reason. When you see a pair of jeans going for $2,000, there’s the moment when you assume, “there must be something special about those.” But sometimes you see them up close and realize they’re just some

→ Continue reading at Forbes - Startups

More from author

Related posts

Advertisment

Latest posts

The NFT Emperor Is Wearing No Clothes

NFTs—roughly described as digital collectibles—are climbing in value. Albert Fox Cahn is a technologist, social entrepreneur, lawyer, and civil rights activist with a skeptical...

Eight Fresh Holiday Marketing Strategies To Set You Up For A Successful Sales Season

The holiday season is fast approaching, which means it's time for businesses to start planning and executing their marketing strategies for the busiest time...

U.S. house prices down 3rd month in a row in September

One key yardstick of U.S. house pricing fell for the third-consecutive month in September.The National Association of Realtors said Thursday its median selling price...