This article was submitted by a Guest Contributor. The opinions expressed in this publication are those of the Guest Contributor. In Part I of this article, we provided a high-level overview of non-fungible tokens (NFTs) and why they are interesting. Part II aims to answer whether NFTs are a fad or here to stay. To do so, we’ll look at NFTs from multiple angles – technological, legal and historical. Are we in an NFT bubble? Detractors of the technology say its prices have been driven by nothing more than speculation. The New York Times compared what’s happening in NFTs to the Tulip-bulb craze of the early 1600s. The story is a classic, and possibly apocryphal, example of financial bubbles. Here’s the version of the story told by Burton Malkiel in his book, A Random Walk Down Wall Street. Tulips were introduced to the Netherlands in 1593. The public became fascinated...