But let’s look at why some NFT believers think fungible tokens for communities don’t work. Here’s GMoney, the cutesy, pixelated, half-man, half-monkey NFT collector making his argument: A stash of tokens is first held by a creator who distributes the tokens to fans. As the creator creates more valuable work, those tokens rise in price. But to realize those gains, the creator must continuously sell the tokens to fans. This leaves creators with a diminishing horde of tokens, thus disincentivizing them to increase the value of their work.
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