NFTs offer digital commerce something the Internet lacks: scarcity and authenticity.

NFTs are interesting in that they have built-in provable scarcity that ensures value. In the analog world, scarcity is something either circumstantial (the virus that wiped out tulip production) or mandated (Beanie Babies being “retired”). With NFTs, it’s in the code. CryptoPunks are valuable, for instance, because there will only ever be 10,000.

Digital Object Applications

For the first time in human history, blockchains empower any digital object to enjoy the properties of verifiable scarcity, durability, divisibility, and globally networked markets.

As a result, these internet-optimized objects now have the same or greater potential to become globally networked as a (1) product/service; o... See more

NFTs offer the promise of scarcity and authenticity for digital goods. NFTs aren’t the only way to create scarcity and authenticity online — trusted, centralized entities such as banks (and platforms such as Twitter and Apple) do it within their verticals, and blockchain tech is evolving to address myriad environmental and security concerns. So the... See more