FT商學院

The future is non-fungible

Microsoft aids Europe’s media, Apple tops smartphone sales, Spotify HiFi

The latest infrared tech has just helped reveal that the tiny pencilled graffiti on Edvard Munch’s The Scream painting was written by the artist himself. “Can only have been painted by a madman,” he wrote ironically.

His thoughts and the painting got me thinking about the wisdom of investing in the latest works of art. You may think bitcoin at over $50,000 is mad, but the next wave of investor craziness seems about to engulf us in the form of non-fungible tokens or NFTs linked to the creative sector.

It must be a thing, as my inbox has been receiving news of a steady stream of NFT-related projects from music albums to trading cards. The latest NFT email came from my Gen Z son today, whose previous interests have included crypto and cannabis (investments).

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