The worrisome rise of Non-Fungible Tokens
Caleb Scharf writes: Humans are very good at inventing commodities, and we’ve been at it for a long time. See that pebble over there? Well, that’s a better pebble than all these others, and if you give me something in exchange for it, I’ll let you take ownership. It’ll be your pebble, forever. And soon there will be a market in pebbles, a pebble community, pebble exhibitions and auctions filled with pebble speculators, pebble exchanges, and pebble artists. The deeper,…