All digital creations are NFTs. We just don’t know it yet. | Financial Times
Why NFTs may soon have to compete with cash flow-generating content hosted on more conventional platforms.

✒ Although I do not agree with the conclusion that NFTs are better thought of as a type of advertising market (i.e. valuations reflect a sunk cost rather than any sustainable long-term value), the article reminds us of the Garbage In Garbage Out problem, that:

  1. Just because something is scarce doesn’t mean it has value.
  2. There is no guarantee that the token itself was created legitimately.
  3. NFT platforms are highly vulnerable to runs.