It's not true that NFTs are only a status symbol. Firstly they are often pitched as an investment - something that will grow in value. Some folks are going to

It's not true that NFTs are only a status symbol. Firstly they are often pitched as an investment - something that will grow in value. Some folks are going to lose their shirts "investing" in NFTs, and I think that alone is reason enough to highlight issues with NFTs. Secondly there are other use cases already in use, such as Etherium Name Service, using NFTs as a DNS replacement. (although the criticism of this article apply less to how ENS is using NFTs). Finally, there are even more significant NFTs use cases pitched such as real estate deeds. This is where the article's points become really important.