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The Troubles with Non-Fungible Tokens (NFTs) in the World of Cryptocurrency

Tokenizing assets, like non-fungible tokens (NFTs), have experienced a significant decline in value within a brief timeframe, closely reflecting the volatility in the broader cryptocurrency market. Originally intended to empower musicians and artists by providing them more autonomy over their creations, the intrusion of large corporations into a space that was once the domain of pioneers raises questions about the viability of this vision for NFTs. Despite the dim outlook for NFTs as an investment, could the fundamental technology still deliver practical benefits?

Emily Yang, Digital Artist
John Reed Stark, CEO of John Reed Stark Consulting

Credit: YouTube/Bloomberg Television

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