🤝
The urges to create, collect and own are ancient. NFTs, give digital media feature parity - enabling unique objects and allowing them to persist without a central authority. They also add features and simplify behaviors.
We are still in the early days of learning how people will use smart contracts. For now, one of the most prominent use cases is easier trading. Unlike in traditional art markets, we have real-time transparency for most factors and permissionless access. Almost any token is also highly financialized. This has some beneficial and interesting results, but it also comes with costs.
Too often it incentivizes the least imaginative mechanics. The laws of supply and demand ...