[goto11]

We can't all be Rockefeller or Carnagies! I get your point - most NFT does not have great prestige and is probably more a question of speculation. My example was more to explain why formal ownership of a piece of art could be valuable even if it didn't mean ownership of any physical object or even ownership of the copyright. For people paying hundreds of millions for a van Gogh, the purpose is probably not the physical access to the thing (I assume it is just in some safe vault anyway, when not on loan to a museum) and it is not because they expect great returns on selling reproductions either. It is just the prestige of ownership and probably the hope that the piece sell for even more in the future.

[zepto]

What you say is true of historic artworks like a Van Gogh.

Almost no NFTs are in any way like a historic artwork.

An algorithmically generated cartoon character that is one of thousands, simply isn’t valuable. The fact that you have what amounts to a receipt for paying for one, is more a mark of stupidity than prestige.