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Seeking Alpha 2021-11-23 19:54:37

Ethereum: NFTs Are A Bubble (Sort Of)

An NFT, or non-fungible token, is a unique digital asset that stores asset data and ownership information on the blockchain.Though many interchange the term with digital collectible art, other important NFT use cases such as tokenized real estate, music, gaming, and access rights are still on the horizon.I liken the current explosion in digital art to the ICO boom of 2017. Excluding the top projects, the median ICO return was negative 87%.

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