Todd Spangler NY Digital EditorNFTs, or nonfungible tokens, are something of a Rorschach test.The craze for the technology, which verifies ownership of unique digital assets, has swept across content industries in 2021.
But will NFTs mature into a long-term business for Hollywood?True believers herald them as a major market-disrupting force, with the full impact unfurling over the next decade or more.
Skeptics, though, see a FOMO-fueled trend that’s as overheated as the Dutch tulip bulb craze of the 1600s.Lately, there’s practically been a new NFT announcement every day.
The diverse roster of companies, brands and artists hopping on the bandwagon include Warner Bros., Disney, Lionsgate, Fox, ViacomCBS, WWE, the UFC, CNN and the Academy.
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