Bragging with an expensive Rolex is very different than bragging with the NFT of a terrible image of the Brooklyn Bridge by John Cleese who sold it as a joke.
The person who built the watch might have something to brag about.
The item isn’t the brag. The purchase is. People don’t buy Rolxes because because it doesn’t anything radically different than a $50 watch. They buy it because it tells people they have money. That’s what art is. That’s what NFT is.
Yeah, but who gives a shit whether it's centralized or not?
If some intrepid reporter figured out that NFT has a backdoor that means it is being controlled as a-- god forbid-- centralized service, what bad thing happens to the dipshit who paid a million dollars for Rick and Morty digital art?
A) The world biggest fan of Cubism and a lifelong fan of Picasso.
B) A person with a shitload of money, that has nowhere else to put the money than in some famous artwork.
Overcome a challenge that presses your personal limitations? Worthy of a brag: you took up the task, persevered, and conquered.
Open your wallet to purchase something? I just don’t see that there’s any legitimate boasting to be had there: any damn fool with the same money could do it. There is no challenge, there is no accomplishment, there is nothing to be proud of at all. It’s such empty bragging.
IMO people who brag about owning things have deep personal insecurities and would be better off putting the money spent towards therapy.