The important thing I see in the NFT space is the potential for "speculation all the way down" to occur. You can make tokens for the research paper you just wro

The important thing I see in the NFT space is the potential for "speculation all the way down" to occur. You can make tokens for the research paper you just wrote, own one and sell the others. The owners who bought the token have a strong incentive to increase the value of their investment so they create derivative work - new research, inventions, etc. They, too, issue NFTs. On and on this process goes until you reach the finished good or service, at which point the speculative value of everything that went into it is realized. Wouldn't you like to own the ideas of an Einstein? If the original author was a crackpot, of course, the value chain breaks down somewhere in the middle and the token is forgotten. But on the whole, this would be a way of measuring credit that wasn't previously feasible. In contrast our existing system is an "exploitation" economy instead of a "speculation" economy; the momentary value has high correspondence to enforcement of your property rights through the state and industrial apparatus(laws, marketing, distribution, etc.), and if you cannot afford enforcement you may well never see a dime, while the process of enforcement itself constricts efficient usage. Not everything makes sense as an NFT, but many things could.