We’ve been skeptics of crypto for some time now, and when NFTs came into the scene we reached peak skepticism. NFT stands for non-fungible token, which in theory means that it is unique and cannot be copied. However, in the digital world it is very difficult to have something that is completely unique. Take for example one of the largest ever NFT sales, a painting called The First 5000 Days which was created by the artist Beeple. This NFT sold for $69 million, yes you read that right sixty-nine million. The painting was sold as an NFT, so essentially whoever bought it just got a simple jpeg. Since it is a digital painting it is infinitely reproducible at zero cost. In fact here is a copy of the $69M painting.