How NFTs went from a joke to a legitimate asset class (Cryptoslate)

Originally published at: https://www.channel-sea.cc/how-nfts-went-from-a-joke-to-a-legitimate-asset-class-cryptoslate/

There is still no shortage of people mocking NFTs as a new digital asset class. The common refrain is all too familiar, “you bought an NFT for $10k? Here, let me screenshot it for free.” The response that follows usually comes with a studious explanation of blockchain technology. Specifically, how smart contracts on a blockchain…