[0xB31B1B]

The hate is because the realized instantiation of the supposed value creates a bunch of collections of four thousand images of a rabbit or something stupid. The NFT community is largely a bunch of people hyping up crappy animal picture collections on twitter as the next big thing. The attraction to the medium is not through aesthetics or craft, but through FOMO.

[neuralzen]

I agree there are issues, but the same was (and still is) true in crypto - shitcoins and shitNFTs. That doesn't mean there aren't valuable use cases, or real artistic value and utility in some NFTs, and it doesn't mean there aren't real visionaries building things with authenticity and heart behind them.

[grey-area]

Yes it’s very like cryptocurrencies, full of grifters, gamblers, fraud and snake oil salesmen and of course marks who think this ‘revolutionary’ technology is going to change the world and believe the made up prices and wash trades are real.

Most of the visionaries have left cryptocurrencies because they realised just how riddled with fraud and grift the ecosystem is so what’s left is people attracted by the money. I expect NFTs will have the same trajectory.

[neuralzen]

It remains to be seen, the future is uncertain. There is also a lot more emotional attachment in the space...people do really like the art. Maybe not when it comes to cryptonarwals or whatever, but pieces that are genuine creative endeavors...deafbeef, art blocks, cryptopunks - there is a real love of these in the space, and it does help bind communities together. There will always be scammers and grifters in every walk of life, and it's a personal responsibility to apply critical thinking. But it doesn't discount the value of what is bring brought into focus with the innovation.

[0xB31B1B]

That there are real visionaries in NFTs does not change the fact that the zeitgeist of the community is centered in the shitNFTs, not in the visionaries, nor does it change the fact that for the huge majority of participants the phrase “I love the art and the community” is largely a lie and a basis for a pump and dump.

[aww_dang]

That's the best part. If you don't like it, you don't have to participate. If you want to copy an NFT's image and use it as your wallpaper without paying, you can still do that.

On the other hand, if you voluntarily would like to value an NFT by purchasing it, that's your option as a consumer.

Don't like it, don't buy it. Seems simple enough. Contrast this to the existing structures of copyrights and intellectual property. NFTs may not enforce ownership rights in the same way as other mechanisms, but they do commodify existing voluntary relationships.

A better question might be why the premises of subjective valuation and voluntary association upset so many individuals?

Why must we all agree upon a standard of value? Different consumers have different desires.