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Critics can’t stop NFTs from becoming a mainstay of daily life | Metaverse | DeFi | Nfts | Trading

Critics can’t stop NFTs from becoming a mainstay of daily life

Some
critics deem nonfungible tokens (NFTs) to be totally worthless. They don’t see the point. Why should they? The industry hasn’t covered itself in glory with countless rug pulls and celebrity endorsements with prompt pump-and-dumps. But, this is missing the point. Already most of the digital and physical objects we use in real life are unique, they are not fungible: this means they cannot be copied, substituted or subdivided.

Detractors might still say, well, what’s the point? NFTs are immutable and verifiable assets on the blockchain — these sound like industry buzzwords with little meaning. However, they go a long way in exposing the untold use cases. Contrarians exist in every phase of technological innovation; You can go back to the literal Luddites of 19th century England who destroyed machinery threatening their jobs, or more presciently, you can point to those who thought the internet was going to be a short-lived craze.

Source

@Metaverse_Defi_Nfts_Trading