ALB wrote: “This Wikipedia entry about “non-fungible tokens” throws some useful light on the subject we are discussing here.”
Links to definition: “A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain, a form of digital ledger.”
This is a theoretical definition, of a social product within our present day capitalist society.
I think that Marx would argue that we can change both the definition and the product (the ‘token’) to suit our own interests, needs and purposes. That is, we can accept, amend or reject them, based upon our democratically-expressed views, just as we can any ‘metaverse’ that we produce.
It’s certainly possible to imagine and produce a ‘metaverse’ that is entirely helpful to humans. Or indeed otherwise, if we want damage or danger to ourselves to be part of our lives.
This is a claim that we know to be untrue, as anything that humans socially reproduce, they can replicate (even if initially it seems to be difficult or impossible – perhaps the breaking of the Enigma code by Bletchley Park is a recent example of this human ability).
So, we can start from the premise that some capitalists are trying to pretend they have something ‘unique’ (and therefore, they claim, ‘valuable’, which they can sell to the unwary). ‘Non-fungible’ is a bluff.
Perhaps this article gives a glimpse of where it will all end: