NFTs: Not Fully Thought-out

By now you have certainly heard about platforms like Rarible and NBA Top Shot and stories like the one published on the front page of the Wall Street Journal about the $69 million digital artwork purchase. These rely on a technology being referred to as NFTs, or Non-Fungible Tokens, that represent such collectibles.

Though my focus is almost solely on Bitcoin these days, the deep technical dive into NFTs done by Jonty Wareing caught my eye and took my feelings around NFTs to a whole new level of shock. From his analysis it seems that the NFT situation is actually far worse than I…