Some pig! Exchanging NFTs for the perspective of regeneration

Abstract

There are a thousand more silly ideas for every utopian blockchain project to heal the planet, foster financial justice, transform cultural production or democratize practically anything and everything. Non-fungible tokens (NFTs) are one of them. The funny thing is that the more you pick at them, the more they harmonize with certain longstanding anthropological arguments. Non-fungibility lurks in the anthropological imagination of non-capitalist economies. This article uses the common law of fungibility to explore the elevation of the very idea of non-fungibility presumed in many NFTs. This idea might have more in common with saints’ incorruptible flesh or the Crown Jewels than the standard fictions of capitalist finance. They cut social ties by insisting on their singularity and immutability. In doing so, they crowd out other blockchain conversations about regeneration and ways to reckon the debts we owe any number of possible futures.