I think it's both. IMO we are in a mania and this will ballon before it comes back to reality. After that it will just become "normal" and perhaps a de facto st

I think it's both. IMO we are in a mania and this will ballon before it comes back to reality. After that it will just become "normal" and perhaps a de facto standard for "digital ownership". The applications are broad, and I'm not sure of the lasting value of individual "collectible" NFTs, but the world is on the cusp of embracing what it means to "own" a non tangible good, and that's really interesting. Full disclosure: I do sell art as NFTs on one of the curated platforms, and I do get to benefit from the current "mania", but I'm not one of the big name artists, to me the whole NFT thing as it pertains to art is more like patreon. It's a way for folks to support artists they like and to have a (non physical) piece that they can show for it at the end of the day.