NFTs (nonfungible tokens) have opened a great debate. On one side, skeptics believe NFTs are nothing more than JPEGs riding out their short-lived hype. On the other side, people believe NFTs are the next big thing, positioned to take over the digital space as we know it. So, which opinion is the correct one? Consider a parallel to the beginnings of the internet, when many industry analysts quickly dismissed the rising tech companies. As history would have it, these very objectors were proven wrong when companies like Amazon revolutionized the world of e-commerce. Consequently, the only thing missing was a vision for the underlying technology.
Looking back to the present day, a major argument for why NFTs will not amount to much comes down to
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