Well for one, NFTs on art create a unique money laundering strategy. Drug dealer buys an art NFT for $1k (using legit money), sells the NFT plus a bag of drugs

Well for one, NFTs on art create a unique money laundering strategy. Drug dealer buys an art NFT for $1k (using legit money), sells the NFT plus a bag of drugs to someone for $10k. They just made $9k in "artwork" profit, which is clean money....and since the value of art is always subjective, it can't really be questioned. On top of that, all monetary exchanges and transactions can be handled via smart contracts, so this reduces risk to everyone involved.