Interesting perspective with social status. Although I love Crypto Art, I think it's currently a combination of hype, mania, speculation, price manipulation / money laundering, and also stupidity, although it's possible that some art tokens could become or remain valuable. All in all similar to physical art, but more modern and feature-rich. For example it could be possible in the future to include and trade commercial usage licenses with NFTs. Imagine buying a license for a song as an NFT and be able to undoubtedly proof to Google/YouTube that you have a license to include it in a video. This could be very disruptive because acquiring licenses and proofing it to YouTube currently sucks.
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Well said!