NFTs

Non-fungible tokens — blockchain-based digital ownership certificates that drove a speculative frenzy in 2021–2022. Kyle uses NFTs as a canonical example of hype-snipe risk: investors who were disciplined value-focused readers could still get swept into crypto/NFT mania, abandoning long-term frameworks for a short-term narrative. In Capital Allocation Is Dead, he writes about a friend who “read Poor Charlie’s Almanack right alongside me for years, but then went all-in on NFTs as the future in 2021.” In Hype Deflation & Inflation, NFTs appear alongside AI as a comparison case for distinguishing real innovation from pure hype cycles. Connected to Crypto and Hype Cycles.

Where this appears

• 1- How and Why the… (tweet)
• Capital Allocation Is Dead
• Hype Deflation & Inflation
• Dr. Tokens or — How I Learned to Stop Worrying and Love the AI Bubble