NFT’s and Intangible – Tangible Asset Fungibility…

Michael D. Moberly, Principal, Founder kpstrat and ‘Business Intangible Asset Blog – Business Intangible Asset Strategies and Risk Mitigator

I am hopeful readers may recognize this post (@ Business Intangible Asset Blog) represents reliable perspectives – contexts to compare – contrast business things intangible to present day + on-the-horizon NFT movements – transactions wherein various types, contexts, and applications of non-fungible tokens are in play.

Rising percentages of businesses, across sectors, are now intangible asset intensive, dependent, and reliant, (irrespective of sector).

The (fiduciary) obligations of business leaders, management teams, boards, and investors to recognize that…

  1. developing – applying the right intellectual (knowledge, know how), capital structural (process, procedure)capital, and relationship (association) capital,
  2. at the right time, in the right way, at the right cost, and converge same with a business’s operating culture to sustain + enhance (business – brand) competitiveness, valuation, revenue generation capability-capacity for products, services, reputations, transactions, etc., is ‘mission essential’.

Business things intangible which leadership, et al, differentiate – designate as ‘proprietary and mission essential’ are obliged to be safeguarded and risks mitigated. Respectfully, the ‘mission essential’ qualifier is experientially described in numerous other posts (@ Business Intangible Asset Blog).

Fungibility, as described here, is a good or an asset which can be readily interchanged for another of like kind. Fungibility is a word some may choose to describe particular – employees whose (individual) contributory roles – value adds, in-to a workplace, a particular outcome, product, service, or transaction, etc., as relatively ‘indistinguishable from others.’

On the other hand, like goods and/or assets which are not interchangeable, e.g., pre-owned automobiles, houses, diamonds, land-property, or historic baseball cards, are considered non-fungible, because they are not…

  • easily exchangeable, and each carry unique-specific qualities, characteristics, and/or features which can affect attractivity and value.

A good is deemed fungible if-when one unit of that good is substantially equivalent to another unit of the same good of the same quality at the same time, place, etc., able to replace or be replaced by another identical item; mutually interchangeable.

Fungibility is different from liquidity. A good (brand, product, service, asset, etc.) may be considered liquid if-when it can be easily exchanged (offered-sold, bought, or licensed, etc.) for money or another good deemed comparable.

Interesting aspects to the NFT market – environment, at least to this business intangible asset strategist and risk mitigator, are…

  • there appear to be (as yet) no particular or standardized guidance for differentiating – determining – assessing ‘functionality-materiality’ (life) cycles of an NFT,
    • which there is an abundance in conventional accounting – legal professions relative to ‘asset’ valuation, contribution, taxation, longevity, write-off, and/or issuance of IP, etc.

The ‘speculative valuation’ of an NFT (at a given time, place, etc.) appears to be variously create-able – establish-able by its holder – seller, and the market and demand they, which they or their representative seeks, deems relevant, and wishes to favorably influence. 

The ‘Business Intangible Asset Blog’ is experientially-researched, written, and produced by Michael D. Moberly, to provide perspectives, insights, and additional and sometimes alternative perspectives to readers, ala business leaders, management teams, boards, and investors, etc., to aid in identifying, distinguishing, assessing, valuing, safeguarding, and lucratively – competitively utilizing -applying their ‘mission essential’ intangible assets. 

Readers are-encouraged to review and comment on this, and other posts wherein arrays of issues related to business things intangible are authentically and practically conveyed.

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