[rchaud]

NFTs followed the exact same path as crypto, which many predicted would happen. Crypto became a speculative asset traded on exchanges because it was too volatile and transaction-cost heavy to ever be used as a medium of exchange. NFTs being crypto-based were soon descended upon by finance bros and scammers who saw the opportunity for a quick buck, eliminating any possibility to develop it for utilitarian things like house deeds and concert tickets or whatever.