, when something is "non-fungible," it signifies that it is unreplaceable since it is one of a kind.
A few web3 startups are trying to solve this illiquidity problem through different protocols and technology, such as NFTs fractionalizations, NFT oracles, price discovery tools, NFT-backed loans and NFT marketplace aggregators. The technological approach that wins, in the end, shall depend on the adoption of such technologies and how efficiently it solves the NFT liquidity problem.Tokens that can't be exchanged for other coins are a new twist on cryptocurrency 101.
If an NFT represents a piece of real art on a blockchain which can be traded in a decentralised manner, then there is no longer any need for intermediaries, and the artist may communicate directly with the audience.
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