this is too reductive, there are entire generations of people, plural, that don't draw the line at "I can't hold it". People said the same thing about mp3s and

this is too reductive, there are entire generations of people, plural, that don't draw the line at "I can't hold it". People said the same thing about mp3s and digital music, the people they were criticizing have children now. both of these recipient generations don't care. but to say more about what you are missing - without drawing a different conclusion just adding an extra variable - is to look at how issuers act. In the trading card world, many series have continual mints from the issuer with no transparency on the supply. People haphazardly buy sets and hope they get a card that has been found to be rare, while the issuer gets continual revenue. (just describing one behavior for comparative purposes) what is typical of NFT collectibles - which, by the way, is just a subset of the NFT market and is analogous to trading cards, distinct from the one-off art pieces in headlines that have formed most opinions - is that the issuer mints one set. and the community discovers the rare attributes on their own, within hours. in this model, its the same pool of money as the trading card communities would have, except it pools towards a known quantity of collectibles, compared to the same pool of money always buying at MSRP from an infinite issuance and hoping for the best. that leans towards rationale behavior, at least at the same standard as trading card collectors. for the issuer, they get royalties from the NFTs changing hands in perpetuity (at least when traded on the marketplace smart contracts which allow that). and for the industry, there is never a backlog of authenticators so they're extinct now. that doesn't mean the prices are sustainable. but that standard is also being separately applied to NFTs as an entire concept, when such nuance is applied to trading cards: some cards have continual interest in any market and 99% of others are ignored forever. you can still have the same conclusion, I'm not here to play devil's advocate, I'm just here to say "hm that's not what's going on".