So just what is an NFT \u2014 NON-FUNGIBLE TOKEN?We have begun to notice this new term in our acronymical tautology.Another set of letters to add to the 3 letters that carry with it, meaning beyond their simple form. I wonder if someone were to etch NFT on some cave wall somewhere for a future archeologist to find, what would be the fantastical story that would be surmised?Goodness me, how would our future archeologist describe this etching? Would she know that NFT had a connotation of \u201cnon-fungible token?\u201d Would she rather say it meant \u201cNot For Tourists,\u201d or the \u201cNational Film Theatre, or how about \u201cNo Free Tickets\u201d or simply a phrase \u201cNo Further Text?\u201dHow did this new meaning come into existence, and will it stay among us?Etheria and Devcon 1; London 2015At Devcon 1, 457 purchasable and tradable NFT hexagonal tiles went unsold. The first NFTs on the Ethereum Network. But today, those same tiles went for a total of $1.4 Million. They would have cost you $0.43 each back then.I wonder if now our new linguistic phraseology will become \u201cA token for your thoughts\u201d rather than \u201cA penny for your thoughts.\u201d With this in mind, where do my thoughts and yours go into the future? How do we both understand this new way of collecting, transacting, enjoying, and exchanging?Let us first look at the last word first in NFT. A token is a representation of something. I remember when I was young how I would receive a \u201ctoken\u201d to ride the CTA bus in Chicago. It represented money but was specific to the Chicago Transit Authority.I guess, one could say coins, and even paper currency are tokens representing a value against a desired tangible item. It would seem we use tokens for everything, from religious artifacts to ceremonial events,\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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