[oonerspism]

The world's already full of businesses that've found ways to turn Status Symbolism into elite, exclusive markets. A significant slice of the world's wealth (certainly dwarfing NFTs!) is routinely used in such manners.

Most give the purchaser a physical bauble to go along with their status symbol, but at heart, the excess of trillions being slung around daily for the purpose of symbolic elitism is certainly nothing new created by NFTs.

They merely embody the concept in a new, ever-so-slightly more useless (than much of the world's spending) manner. But let's not pretend they're some grand new evil the likes of which we've never seen. Oh no. They are certainly not that.

And that is my answer. What happened to them? Nothing. Merely the inevitable, slow collective realisation that the status symbolism embodied by NFTs is actually a pedestrian, everyday concept, and thus perhaps not so special or innovative after all...