No NFT don’t stands for Non-Finite Token but stands for Non-Fungible Token but the problem with NFTs is that there could be Non-Finite NFTs. There is zero cost to create an unlimited number of tokens. Sure, Justin Roiland’s NFT is unique and awesome. But what’s stopping Matt Groening or Mike Judge or thousands of other artists from creating millions of new NFTs?

 

Unlike NFTs, real-world art is not zero cost. It takes effort and time to create a piece. This is effectively Proof of Work. A famous artist like Picasso can only create thousands of pieces of art in his lifetime. This limitation creates scarcity, which helps keep the value high. NFTs, on the other hand, create artificial scarcity. Because of the near zero cost to create another NFT, the market will eventually be flooded with NFTs from artists trying to cash in on this craze. Supply will overwhelm demand and the prices will eventually crash.
Do your research well before you buy or invest in any NFT.

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