system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: NFTs are digital garbage whose popularity is fueled by greedy speculation.

We’ve seen this before… Hummel figurines, beanie babies, Thomas Kinkade ‘collectibles’. People will compete to spend money on tokens purely out of speculation under the misguided belief that “These are gonna be worth something someday.” With NFTs, I don’t believe there is any true value to them and as a medium, I do not believe they will have lasting artistic significance. 

My current take is that NFTs are an offshoot of what I’ll deem “The Blockchain Bubble”. When I googled “What makes an NFT valuable?” I got this: “Factors that make NFTs such a valuable investment are utility, ownership history, underlying value, perception of the buyer, liquidity premium and future value”

All of this is subjective with a heavy profit motive, but the profit hinges on speculation not retailing or commodities. 

People compare owning an NFT to owning an original painting or the Masters of a recording. The problem with this is - those products can be commoditized while an NFT can not. 

Moreover, NFTs are not competitive in the digital ecosystem - there are literally BILLIONS of drawings paintings pictures songs and depictions that are free, all over the internet. They aren’t scarce or limited - so why would I want to pay for something when I can obtain it for free? 

We are in the middle of a hype-cycle and humans flock towards the next shiny thing like magpies… but I concede there may be more to this than I realize. Maybe there is something about NFTs that is valuable… change my view!
gpt
The NFT PDFs people are selling are insanely stupid. It's literally selling low effort digital art for insane prices based on speculation.

The underlying technology has a lot of promising real world potential though. 

Event tickets: We can get rid of predatory ticket services that charge insane fees for sending you a PDF. If a band is going on tour, their concert promoter can sell the tickets as NFTs directly to customers. If someone wants to sell their ticket to another person, they don't have to do the "transfer" shit through ticketmaster and end up paying another insane fee for sending a PDF. If the ticket NFTs are on a proof of stake blockchain (the kind that doesn't require insane computing power to make transactions), you would end up paying a fee somewhere around a penny to transfer the ticket to the person buying it from you.

Logistics: Several logistics companies are already using NFTs as BOLs (shipping receipts essentially) and reporting increased efficiency and less wasted time/fuel caused by mix-ups of which driver is supposed to take which shipment. IDK the ins and outs of it, but reducing waste in transportation is always a good thing.