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Why NFTs make no sense (and how that won’t hold them back) – Source CNET Tech

If you’re confused by blockchain and cryptocurrency, hang on to your virtual wallet: Nonfungible tokens are the latest trend in the virtual value world and make their predecessors look logical.

Most people struggle with the opaque name “nonfungible token”. “Pretty much every one of those words causes confusion,” says Daniel Van Boom, CNET News Reporter who wrote NFTs don’t make sense, but that won’t stop them. “Nonfungible” means something that is unique and cannot be replaced by another one the way a $1 bill can be replaced by any other $1 bill. “Token” refers to a digital token or certificate, not a tangible thing.

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Source CNET Tech

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