Comment by @eduardmsmr • Hey

I don’t see anything wrong with a "pixelated monkey" going for $400K. People expected the price to rise quickly because that’s what others led them to expe

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However, if they’d taken a small step back and compared it to similar things that are popular for collecting. The problem with the $400k is very easy to see. It fosters an environment based in elitism. As far as resell, if they had bothered to check out what any collecting hobbies. Collections are things you buy, and (with some exceptions) hold a personal meaning. Sentimentality is the true value of NFTs as they currently exist.
Sorry, I forgot to address your last point. I agree that it needed to be outrageous more a while. In many ways, or else we’d not have the calmer, more affordable scene today. It did indeed get many of the ‘quirks’ out when these sites were opened up. However, the collector analogy still works here. If they had started with the view of collecting, then, after a semi-long time period of bull market ran prices up. Prices and misconceptions.