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Fungibility is one of the important properties of money. So a non-fungible token has less ability to accrue monetary value. https://en.wikipedia.org/wiki/Money
by Empact 2y ago
Fungibility is one of the important properties of money. So a non-fungible token has less ability to accrue monetary value.
https://en.wikipedia.org/wiki/Money#Properties https://en.wikipedia.org/wiki/Money#Properties
- stouset 2y agoThis is hysterical because four years ago everyone was clamoring on about how the non-fungability of NFTs was the secret sauce to why they’d accrue monetary value.
- dns_snek 2y agoTaking arguments from the most delusional crypto bros at the time and trying to sell them as something that "everyone" was saying about NFTs in general isn't a way to engage in good faith discussion. Some NFTs/art might appreciate in value, but most NFTs/"art" are worthless on the open market.