> Pretty much any collectible could be called a pyramid scheme. Collecting physical items is different than NFTs even if you want to collect things just to res

> Pretty much any collectible could be called a pyramid scheme. Collecting physical items is different than NFTs even if you want to collect things just to resell them. With an NFT you've just got a database entry saying you "own" a thing. You don't have any exclusive rights to it. If anyone else can view it they can save a copy and happily enjoy it forever. With a physical item you have possession of it and exclusive control over access to it. If you let me see it I can't make a copy of it to keep for myself. Even if you don't melt it down for its raw materials it retains some value due to just being a physical artifact that can be experienced. The blockchain entry is meaningless. There's no canonical blockchain. There's no enforcement around blockchain entries. It's got the same real world validity as a text file on your desktop that says you "own" the Mona Lisa.