Would you believe it?
Apr 07, 2021
3 minutes
Huon Mallalieu
ON your behalf, I am making heroic efforts to understand Non Fungible Tokens (NFTs) and their place in the art market, but with little hope of success. Fungible, as any lawyer would tell you if you could afford the fees, means mutually interchangeable; it defines an item that can be replaced by, or swapped for, another identical item—in art-world terms, perhaps, an unblemished Andy Warhol print. A Rembrandt painting is non fungible, because, even if one exchanged it for something of equivalent value, the two could
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