The “Schelling Point” is a game theory concept made famous by author Thomas Schelling. The “Shelling Point” refers to the solution to a problem that most people gravitate towards without explicit formal communication. Shelling points exist for various facets of life and topics. Regarding a global solution for universal money, many thought leaders feel that Bitcoin has reached a Shelling end since no other known asset can attract so many diverse users seeking to solve the same problems. Similarly, many cryptocurrency and blockchain experts feel that Non-Fungible Tokens (NFTs) represent a Shelling Point for all the artists and art enthusiasts in the world. The current global explosion in NFT and crypto art represents the largest wave of interest in art creation and investing in the history of the world. Have NFTs reached a Shelling Point for Art, or is this just a fad? Time will tell.
NFT Term
Schelling Point
Definition of Schelling Point from the NFTguild.com glossary.
