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Fungibility is one of the important properties of money. So a non-fungible token has less ability to accrue monetary value.

https://en.wikipedia.org/wiki/Money#Properties




This is hysterical because four years ago everyone was clamoring on about how the non-fungability of NFTs was the secret sauce to why they’d accrue monetary value.


Taking arguments from the most delusional crypto bros at the time and trying to sell them as something that "everyone" was saying about NFTs in general isn't a way to engage in good faith discussion.

Some NFTs/art might appreciate in value, but most NFTs/"art" are worthless on the open market.




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