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The Future of NFTs Is Fungible

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But let’s take a look at why some NFT believers suppose fungible tokens for communities don’t work. Here’s GMoney, the cutesy, pixelated, half-man, half-monkey NFT collector making his argument: A stash of tokens is first held by a creator who distributes the tokens to followers. As the creator creates extra useful work, these tokens rise in worth. But to appreciate these positive aspects, the creator should repeatedly promote the tokens to followers. This leaves creators with a diminishing horde of tokens, thus disincentivizing them to extend the worth of their work.

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