NFTs Are Increasingly Taking Us Into A World Of Make Believe

NFTs Are Increasingly Taking Us Into A World Of Make Believe

Share to Linkedin Non-fungible tokens (NFTs) seem to have exploded out of the ether this year. From art and music to ... [+] tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips—some for millions of dollars. What's a non-fungible token? It's part of the magical world of make-believe value the blockchain is bringing us. Scott Adams is selling one of his comic strips on OpenSea, the top platform for trading NFTs. He's got two on there that he created just for the fun of it. Both of them are the same, only one drops an F-bomb. In it, Dogbert tells Dilbert he just bought some collectible digital art (NFTs are basically this in a nutshell) and Dilbert says he is ridiculous for doing so. Dogbert tells him he just sold it for $120, 000. The clean version got someone to bid $5, 000. The other version sold for $13, 300 on Saturday. This one here did way better. The NFT market tripled in 2020 to a little more than $250 million, according to a report by NonFungible. com. The number of active wallets to buy and trade these things nearly doubled. NFTs started a few