So you're telling me NFTs are exactly like an industry that exists almost entirely to service the ultra-wealthy looking for new ways to hide their assets and/or show off with conspicuous consumption? That's pretty much all I need to hear to decide it's a bunch of BS. Find a use for NFTs that affects those of us without massive disposable income, and maybe I'll be impressed.

I think if we can convince HN that NFTs are essentially the art market, then that would be a huge upgrade in the discourse here; no one needs to be impressed.

> However even HN must admit the art world is a real industry, with a lot of big money players, and the reason things have value is not in the quality of the art.

If your standard is 'there is lots of money in it, therefore it is cool & good and should be embraced' then sure, I will freely admit that both contemporary art and NFTs pass that standard. So do televangelism, diamonds, and robocalls.