Why you can't just screenshot an NFT

This video misses the issue with NFT.

Yes we all know NFT is a certificate - that’s fine. But usually a certificate only has value because it proves the authenticity of an object of value, e.g. Andy Warhol’s work.

People pay $20K for a certified painting because it’s Warhol’s, and his works are highly regarded.

Otherwise the certificate itself is absolutely worthless if it’s of a painting of mine. A certified crap is still a crap.

Now that’s the problem with the NFT phenomenon. People are paying millions $$ to buy certificates solely for the sake of buying certificates. The actual artwork itself is irrelevant. We don’t care about the artist - if there’s any artist at all; many of NFT images are mass-produced by random image-generator (e.g. Bored Ape).

Nobody would normally pay money to buy these images even if it comes with a certificate of authenticity. It’s only valuable because it’s NFT.

That’s where the analogy breaks.
The NFT is NOT the certificate that proves the authenticity of an object of value.
The NFT itself IS the object of value. There’s nothing else of value behind it (e.g. a Warhol’s painting).