It isn't the NFTs that are bad per se but how they are promoted and sold that can be bad. Using an NFT for concert tickets makes sense. Using an NFT as a "certi

It isn't the NFTs that are bad per se but how they are promoted and sold that can be bad. Using an NFT for concert tickets makes sense. Using an NFT as a "certificate of authenticity" makes sense. Using NFTs in a video game or in a VR realm can make sense if it accurately describes what value the purchaser gets out of it. The problem becomes when you imply the NFT has a value it doesn't have like ownership of a work of art. Buying an NFT of digital art doesn't give you any real ownership rights. It only gives you the right to say "you own that NFT", which is the thing on the block chain and not the art, and potentially to sell that NFT in the future. That is where the scam feeling comes in because no or very few "certificates of authenticity" are worth a lot of money. So the idea that NFTs are inflated assets that will quickly lose value is very real. That said, we have stuff like that happen all of the time such as tulips or more recently Beanie Babies.