On the surface, the idea of owning a unique digital image may seem strange and somewhat nonsensical. After all, anyone can download a copy of the image for free and display it on their own computer. But for some collectors, owning the original NFT is a status symbol, a way to show off their wealth and taste in a cutting-edge art form.
The absurdity of collecting apes or so called "PFPs" lies in the fact that these images have no inherent value or use beyond their status as collectibles. They are not functional tools or objects, nor are they particularly beautiful or meaningful in and of themselves. Yet people are willing to pay exorbitant sums of money for them simply because they represent...