Yes, NFTs are a bubble. But like many bubbles of the past, they will change everything

You may think that NFTs (non-fungible tokens) are just another bubble in a world full of bubbles. Well, they are. But that’s actually no bad thing, says Dominic Frisby. Here’s why.

Vignesh Sundaresan, AKA MetaKovan, and "Everydays: The First 5,000 Days"
Vignesh Sundaresan, AKA MetaKovan, and the $69m digital artwork he "bought".
(Image credit: © ROSLAN RAHMAN/AFP via Getty Images)

You may think that NFTs (non-fungible tokens) are yet another bubble in a world full of bubbles. How can easily-replicated JPGs that can be screenshotted at a click have a real, long-lasting value?

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby