It's disheartening to see so many negatives comments about NFTs in general here but none tackling the real underlying issue with these seemingly "dumb" transact

It's disheartening to see so many negatives comments about NFTs in general here but none tackling the real underlying issue with these seemingly "dumb" transactions. NFTs, as concept or protocol like ERC-721, are not completely useless as many state. They're in fact being used right now, for example, to represent LP positions in the novel uniswap v3. The seemingly stupidity of news like these is a direct consequence of news market economy and how easy it is to abuse. Take this (probably common) scheme for example: 1)Have a lot of money in crypto 2)Create a NFT or partner with someone 3)Buy your NFT and have news outlets report it 4)Sell the NFT for more than you paid in commissions It's completely unreasonable to fault the NFT concept for this. It's all about how news outlets are prone to spread information that is completely irrelevant (and arguably misleading) like someone sending money to himself or an accomplice with the goal of making it into the news.