Just the past few months? NFTs are just an extension to what happened to bitcoin years ago, when it failed to scale but nobody in charge cared. The main intere

Just the past few months? NFTs are just an extension to what happened to bitcoin years ago, when it failed to scale but nobody in charge cared. The main interest in cryptocurrency is not in "A Peer-to-Peer Electronic Cash System", but in a global game of greater fool. Lack of scaling isn't important, because the people in control are perfectly happy with paying once to buy in, then selling once to cash out. If your expectation is that you'll make extremely infrequent transactions worth in the tens of thousands of USD, that you had to pay $50 to get it processed reasonably quickly is a rounding error. Overall it'd been interesting to see how the supposed decentralized system didn't really last. Things got centralized anyway in that there's a very small team that develops the software and a small amount of groups that form an unelected governance systems, and the small contributors to the network effectively don't matter.