I've spent a lot of time looking into it and there doesn't seem to be much actual utility there. What there is is people saying "here's some artificial scarcit

I've spent a lot of time looking into it and there doesn't seem to be much actual utility there. What there is is people saying "here's some artificial scarcity you can buy into early and make a fortune from!" So it's a scammer haven of minimal utility. That's why.