I have seen pyramid schemes that are sounder than NFTs. It is sad that a lot of people are spending their hard earned money on NFTs thinking they are going to b

I have seen pyramid schemes that are sounder than NFTs. It is sad that a lot of people are spending their hard earned money on NFTs thinking they are going to be professional artists. They don't recognize that they are only becoming crypto-coin investors. I have spent hours sifting through the crypto-art space and amazed at the "so called" artworks people have been spending money. As a person who has been a professional artist and somewhat knowledgeable about the art scene, I feel that it is a duty to warn people. I don't mind people spending their money on newbie photoshop tricks if they know what they are doing, but I don't like people to feel like they are artists because they can apply photoshop filters to an image and mint them as NFTs. I am keeping the publicity stunts out of this conversation. The article does a great job talking about those. Another important thing to note is that an artwork's value derives from its cultural effect. So far NFTs' cultural effect is feeding people's belief in get-rich-quick schemes. Our society has stopped valuing hard work and started valuing wealth. We don't care how you attained your wealth anymore. When an item creates wealth without providing value, it is almost always a confidence trick. If you are going to invest in crypto currencies, at least go on the relatively safest route and invest in Bitcoin and hope that its volatility works for your favor. But know that you are gambling and don't put your life savings on the line.