[groby_b]

Except most digital art lacks provenance in the first place, so you paid for a cryptographically-secured link to a bunch of bits somebody claims are original. (It turns out an https link on a domain you own does the same work)

The lack of provable provenance means that a good chunk of NFT "art" is actually stolen from the artists who do the work.

Bored Ape demonstrated that the theft of NFT art is easy, and the supposed ironclad ownership can easily be changed by the sites listing the art work - because they can just decide that those ironclad bits you hold aren't really yours. At which point you have a central authority arbitrating ownership, which is even worse than what the art world has right now.

It's certainly a lovely place for all sorts of cons, but as economic asset or cryptographic representation of ownership it is an utter and complete failure. You still can't prove something's original, unique, or yours. It just has a thin veneer of technobabble to hide that fact.