> “You can brag about owning such-and-such an image, but only as long as enough other people desire images from that particular set.” I think that’s the whole

> “You can brag about owning such-and-such an image, but only as long as enough other people desire images from that particular set.” I think that’s the whole point. An enduring aspect of human culture is that we praise and confer social status on owners or stewards of rare curiosities. You aren’t buying NFTs for tangible value, you’re buying a speculative investment in social status. And people feel very confident that the market cap and liquidity for buying and trading this type of social status will go way up, and that unique, verifiable digital ownership allows the pay-for-status desires to take place untethered to physical goods.