NFTs Are a Dangerous Trap
NFTs make perfect sense for representing a claim on things that can be used, like event tickets or in-game virtual goods. But as certificates layered on top of collectibles... I&#x27;m not so sure.<p>With something like CryptoKitties, you can do something with the tokens (play a virtual pet game). But with something like CryptoPunks you&#x27;re essentially paying for digital beanie babies, which are worse than real ones since anyone can display and enjoy the image you paid for.<p>You can brag about owning such-and-such an image, but only as long as enough other people desire images from that particular set. When a set&#x27;s popularity wanes, so does your token&#x27;s value, and your ability to show it off.<p>I&#x27;m always happy to see artists being paid for their work, and if they can make some money during this craze - more power to them. Beyond a few creators being rewarded, it seems like this is going to be 90% bubble (with plenty of hucksters), and 10% real use cases that stand the test of time.