For people placing $70M bids those money are probably less important than $70 for somebody who buys a used phone. Wrt. the people trying to question what value

For people placing $70M bids those money are probably less important than $70 for somebody who buys a used phone. Wrt. the people trying to question what value NFT has - well what value a piece of a paper with a black square has? I'd guess close to $0 or less - a ruined piece of paper. Until of course it is said to be done by Kandinsky. The value of the most of the art is in that information, not in the material artifact. NFT is just a distillation of that idea. Reminds a recent Russian meme - a photo of Kandinsky with a bubble "Everybody can paint the same. Not everybody can sell the same way."