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Non-fungible Tokens (NFTs) & Future Value Exchanges – EVONOMICS = Evolution + Economics
EVONOMICS Fungibility implies equal value between the asset. Fungibility is the ability of a good or asset to be readily interchanged for another of like kind. Non-fungible (NFTs) can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. NFTs can represent […]
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Wealth and Poverty: On the Social Creation of Scarcity
Economics has often been called the science of wealth, with the alleviation of poverty as one of the justifications for both the pursuit of wealth and the study of that pursuit (economic theory). In the language of politicians, if we want to feed more people we need to make the economic pie bigger. This process of making the economic pie bigger […]