For this reason, we say dollars are fungible (pronounced fun-jibble). Let’s zoom in…įungibility…which is not a word most of us learned in school, is usually associated with things like currencies, where each dollar is mutually interchangeable with another dollar. Some of the most popular NFTs are selling for millions of dollars, but what are buyers actually getting? Do they know?Īll that and more in today’s issue. NFTs, or non-fungible tokens, have found their way into mainstream pop culture recently as artists, musicians and media companies have leveraged the technology to monetize IP and re-engage with fans after an involuntary 12-month hiatus from live and group events.Īs someone who majored in music business in college, I’m thrilled to see a musician’s ability to monetize their work untether from the traditional record label/live performance model.Īs someone who also went to law school, I’m keenly interested in the rights associated with NFTs.
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