NFTs: My Experiment (Part One)

Okay, so... in my last post, I may have suggested that Ethereum has already realized a good portion of its value. That being said, I still recognize that it is King in the NFT space, so while I don't hold it as a store of value, I will use it on occasion. 

My friends know that I've been highly skeptical of the Non-fungible Token (NFT) space. But, not being one to stick my head in the ground, I thought I'd do my research and see for myself what's on offer, and why it matters. I've seen some novel explanations: people likening it to other forms of digital validation, like the check mark on Twitter. Others think that the metaverse is the future reality in which we will engage in the bulk of our social lives. 

I don't see it. What I do see, however, is an opportunity to dip my toes in the NFT market and see what's on offer. I've minted my first NFT, which is basically an adaptation of my profile picture for publish0x (and perhaps a sardonic commentary on the NFT phenomenon as a whole). And I am now going to spend the rest of my waking hours sipping craft beer and browsing what's on offer. 

I'll update you on how it goes!

I'll also write more extensively on the subject once I have a better understanding of this new digital frontier. 

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Yale Philosopher and Crypto Enthusiast

Why Crypto? A Philosopher's Perspective
Why Crypto? A Philosopher's Perspective

The old guard keeps telling us that crypto is a classic example of a market bubble, and that it's about to burst But what we're witnessing is a revolution which can only be described by the market, and is not circumscribed by it. The next class shift is fueled by crypto, and it's poised to tear down their whole world

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