true. NFTs are just tapping into human culture which is largely speculative and obsessed with status. It IS ridiculous but people will tease others for engaging in this behavior without actually changing it in themselves. My mother has all my old toys up in the attic not out of nostalgia but because “they’ll be worth something some day”. What’s the difference?
Personally I’m interested in NFTs that can be used, have you heard of Not a Hotel? Cool concept but way out of my price range. My student bought one. I’d love to buy some NFT demo recordings of some lesser known bands who I think will become famous one day, once that becomes a thing.
If people have an issue with NFTs but not “collectible pins”, they are delusional. Sadly that’s a lot of people.
Good point! I think the popularity and the boom of NFTs caters to our need to collect things. For some the urge is stronger but I guess it's in the DNA of all of us since the hunter/gatherer days.
Use cases is something I'm looking and hoping for and perhaps more and more projects will go in that direction.
What Disney did here is actually quite clever from their perspective, the technology is great but name 'NFT' is tainted so they'd just stop using it. Some might call it diverting customers and I can also understand that argument.