1. Ownership of the "original" - why do you pay so much for an original painting when you can buy cheap/free knockoffs?
2. Flexing - look at me I bought an expensive NFT, look at me I own this and this NFT (just like sports cards, pokemon cards, etc.)
3. Money laundering - cleaning dirty money through NFTs.
4. Legit investment / value store - if NFTs picks up more and more (see Reddit, Twitter implementing NFTs), it's a legitimate investment strategy, just like BTC or ETH
5. Hype and FOMO - why do people buy Supreme branded products? Why are lines at Apple stores when a new iPhone is released?
1. Ownership of the "original" - why do you pay so much for an original painting when you can buy cheap/free knockoffs?
2. Flexing - look at me I bought an expensive NFT, look at me I own this and this NFT (just like sports cards, pokemon cards, etc.)
3. Money laundering - cleaning dirty money through NFTs.
4. Legit investment / value store - if NFTs picks up more and more (see Reddit, Twitter implementing NFTs), it's a legitimate investment strategy, just like BTC or ETH
5. Hype and FOMO - why do people buy Supreme branded products? Why are lines at Apple stores when a new iPhone is released?