Marker
Published in

Marker

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…

--

--

--

Pop business for the intelligent reader. A publication from Medium.

Recommended from Medium

This Week In The Economy: Warning Label for J&J, Soaring US House Prices, EU Goods Demand…

Road safety: An integral part of the World Bank’s mission

It’s the ETFs, stupid

This Week In The Economy: Iran Joins List of Countries With Coronavirus Cases, Trouble Ahead For…

Opinion: The insignificance of trade deficits

High Rents, Capital Markets, Coronavirus Implications

What can Nigeria learn from China’s digital economy?

A Macro Lens on Microfinancing

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
James Surowiecki

James Surowiecki

I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.

More from Medium

Move Over NFTs, the Super Fungible Token Is Here

The logo for the Super Fungible Token project

The Video Game Wars Are Just Beginning

Steve Gardner: How a Simple Economic Model Predicts Success

Sony Extending the Lifespan of the PS4: Is It the Right Call?