Non-fungible tokens or NFTs have been appearing in the news since late last year for mind-blowing reasons: Grimes selling digital art pieces for up to $6 million, Jack selling his first-ever tweet, and the Beeple NFT that sold for about $6.6 million. The market has raged on, with over 1198% increase in total market cap from last year and more celebrities auctioning their flagship NFTs to fans. Regardless of the inflated expectations surrounding the space, it is crucial to understand the potential drawbacks to full adoption. This article briefly highlights the NFTs, the existing NFT marketplaces and their shortfalls, and why Non-Fungible History — an upcoming marketplace — is an ideal fit.
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