[Kiro]

I don't think the crypto community thinks it's magically is something it's not. Most serious NFT investors are probably well aware that all they're buying is just a ledger entry.

Blockchain has almost no practical uses right now but it does provide a way to make something digitally unique, even if it's just a JSON with an ID and an URL. Not saying the data is unique but the ledger entry is. Only one wallet can own it at a time and it's easily proven. Maybe it will never have any practical applications but I don't see how that could be done without a blockchain.