In the past two years, headline-grabbing news about the astronomical selling prices garnered by newly minted “non-fungible tokens” or “NFTs” from popular artists and content creators catapulted this new form of digital asset into the public consciousness. all over the world. . In March 2021, digital artist Mike Winkelmann (known as ‘Beeple’) sold an NFT of his piece “Everydays: The First 5000 Days” for a staggering $69 million. That sale, according to Christies auction house, positioned Beeple as “among the three most valuable living artists” on the planet.

Public interest in NFTs has grown considerably since Christie’s auction of Beeple’s work, but so has debate about their purpose and usefulness. This third article considers the uses and purposes…