the collectibles market always was able to benefit from transparent supplies, transparent volume. NFT's added that and people acted surprised that the collectibles market was that big, when in reality nobody knows how many baseball cards (for example) were issued, how many rare ones are really out there and more. the analog collectibles market has wash trading too.
if NFT purchasers can remove the parasocial relationships they rely on with the creators and just build their own communities for resales then it'll be fine.
the collectibles market always was able to benefit from transparent supplies, transparent volume. NFT's added that and people acted surprised that the collectibles market was that big, when in reality nobody knows how many baseball cards (for example) were issued, how many rare ones are really out there and more. the analog collectibles market has wash trading too.
if NFT purchasers can remove the parasocial relationships they rely on with the creators and just build their own communities for resales then it'll be fine.