Sep 1, 2021
3 min read
2021: Creating a Lexicon of Future
N is for NFTs
I wrote about NFTs in March 2021 after three different articles appeared in my facebook timeline, each with a different perspective. Calculating the Price of Magic explored the invisible costs of this new thought form.
What is an NFT?
It stands for “nonfungible token.”
Nonfungible, meaning you can’t exchange it for another thing of equal value. A $10 bill can be exchanged for two $5 bills. One bar of gold can be swapped for another bar of gold of the same size…
