Part 7/15:
Some argue that early NFTs, such as CryptoPunks or Bored Apes, serve more as symbols of a period—“ receipts of a certain tribe”—rather than enduring art or culture. The idea is that these assets are response-driven and lack intrinsic value; they merely confer status, which may erode over time, especially if market sentiments shift or regulations tighten.
The discussion also touches on how blockchain was initially conceived as a tool for transparency and security—"a simple hashing algorithm"—but has been co-opted for speculative and often unchecked financial products. The overhyped narrative, driven by venture capital and allure of quick gains, is viewed with suspicion and criticism.