Critics can’t stop NFTs from becoming a mainstay of daily life By Cointelegraph
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Critics can’t stop NFTs from becoming a mainstay of daily lifeSome 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.
Rong Kai Wong is the chief operating officer at Parsiq. He served as head of operations in a Singaporean police division of more than 700 police officers before joining Binance as director of Binance X, the digital asset exchange’s $100 million BSC Accelerator Fund.
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Critics can’t stop NFTs from becoming a mainstay of daily lifeSome 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.
Rong Kai Wong is the chief operating officer at Parsiq. He served as head of operations in a Singaporean police division of more than 700 police officers before joining Binance as director of Binance X, the digital asset exchange’s $100 million BSC Accelerator Fund.
Continue Reading on Coin Telegraph
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