>CREATORS may rush to start minting NFTs as a way to get paid for what they’ve created. Unlike alternative digital currencies which are relatively complicated t

>CREATORS may rush to start minting NFTs as a way to get paid for what they’ve created. Unlike alternative digital currencies which are relatively complicated to invent and sell, it’s recently become super easy to ‘mint’ an NFT. [...] The more time and passion that creators devote to chasing the NFT, the more time they’ll spend trying to create the appearance of scarcity and hustling people to believe that the tokens will go up in value. They’ll become promoters of digital tokens more than they are creators. [...] >BUYERS of NFTs may be blind to the fact that there’s no limit on the supply. In the case of baseball cards, there are only so many rookies a year. In the case of art, there’s a limited number of famous paintings and a limited amount of shelf space at Sotheby’s. How do these make NFTs signficantly different from the art trade and collectibles market? In both cases, creators could fall prey to focusing too much on selling things, and in both cases, the creators at any time could decide to put out a ton more. (I don't get why the case of baseball cards is treated differently: nothing stops them from suddenly deciding to print many more cards.) --- I think the externality of the power usage of proof-of-work blockchains is a significant issue though, and that maybe NFTs should be discouraged on that basis until we have NFTs working through environmentally-friendly solutions like proof-of-stake. I think this is way more of an issue than whatever possibility of a downside exists from artists maybe deciding to focus too much on making sellable tokens instead of art.