John Cleese Sells the Brooklyn Bridge as an NFT
I&#x27;d like to defend NFTs from a slightly different angle.<p>(Leaving aside the carbon emissions - let&#x27;s assume everyone finally switches to Proof of Stake)<p>They are stupid. They are pointless. But then so is most of the art world - and going a step forward - so is much of what we value.<p>As several people have pointed out they are no less arbitrary than a limited edition print vs a commodity print. The value of fine wines escalates exponentially whilst the extra utility you get from any quality improvements trends towards nothing.<p>Much of what we value is pointless and bordering on delusional. But unless you&#x27;re a wandering ascetic or superhumanly utilitarian in your consumption (hint - you&#x27;re probably not even if you think you are) then the difference is one of degree rather than of category.