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I wonder if it can be seen as an acceptable trade-off. Fraudsters and speculators providing fuel to stimulate and sustain genuine innovation and creativity. Kind of like cold war-era military-industrial complex seeding many discoveries, including arguably the internet itself.
It's funny, we seem to have completely different experiences. While NFTs are make-believe driven by greed, I think they could have redeeming qualities if they had side-effects like supporting artists, incentivizing good or novel art, social structure experimentation, etc.
However, in practice the art/content & social tribes that emerged from the NFT movement are trash. It's some of the most formulaic, least authentic, least interesting content I've ever seen. TikTok is super creative by comparison. To me this is the biggest indictment of NFTs
It's somewhat causal, by the way: because NFTs are a scam, the only reason to enter the space is pure greed. And why put in any effort if you're just trying to make a quick buck by reselling? There's no passion, no meaning, just greed roleplaying as creation/innovation.
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