[AlimJaffer]

NFT's generally don't make sense to me, but targeting a specific real-world market is a rare use case that seemingly makes sense. The patterns already exist in terms of Fantasy Sports, betting on sports, collectors sports cards, etc.

NFT's representing a tweet or image are pointless and all about bragging rights for the ultra wealthy, but attacking an existing billion dollar+ market in the sports and gambling space with a new twist does appear to have merit.

Anything digital being scarce is typically artificial for sake of, but in this case it's for the meta of the 'game' that they're playing and is ironically a centralized version of crypto that so many crypto people tend to rail against. Yet it's insanely popular.

[spoonjim]

Almost all art is bragging rights and tax evasion for the ultra wealthy. NFTs can easily satisfy both of these as long as a 501c3 “museum” is created to accept NFT “donations” to enable the tax evasion side.