Money Talks

An Oversupply of NFTs Is Going to Kill the Golden Goose

Welcome to the new tragedy of the commons

Illustration: Julia Moburg/Medium; source: Getty Images

In the 1950s, the Grand Banks off the coast of Newfoundland was, as it had been for centuries, one of the richest fisheries in the world, home to a massive and endlessly replenished population of cod. The fishery provided food for people across North…