NFTs and Value

Don’t miss part 1: NFTs and Essentialism

Let’s begin with a not so bold claim: every NFT (non-fungible token) is unique. Can we all agree on that? In fact, that may be the one universal truth that’s undeniable about NFTs. Uniqueness is baked in by immutable contracts, seared into the machinery of the blockchain. Furthermore, tokenizing imbues one, out of an endless set of perfect digital clones with essential qualities beyond the rest. But here’s the rub: uniqueness on its own is insufficient to explain value. And yet, I find article after article extolling this very basic fact as the reason for why…