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RE: NFT ART IS USELESS ... unless it comes with Rights or Utility

For the time being, I'm just watching the NFT scene unfold.

There's something about the way it has been unfolding that gives it FAR more of that infamous "Tulip Bulb Mania" feel than the overall cryptosphere ever has.

ASIDE from anything to do with crypto, I've been in the "collecting" field for 30+ years and anything enjoying this kind of meteoric rise is going to get a HARD wake-up call when people realize what they have been caught up in. I can STILL buy whole sheets of postage stamps from the 1950's to 1970's that people bought "as investments"... for about 60 cents on the dollar compared to their FACE VALUE.

NFTs are awesome for serious artists creating great innovative art, but will likely end up a horrible debacle for the thousands of "also ran's" just in it for a cash grab.

Bottom line: the global demand for art didn't magically increase 1000% just because "it's on the blockchain." People lose sight of that...

=^..^=

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