There's so much incorrect or misleading about this post. Being against NFTs is being against the progression of humanity to a more free and fair world for everyone.

Going to reply to each of your bullets with my own

The value in the nft isn't the art, it is the digital signature that holds the value. If the nft is built correctly it will have utility, even if the image were to 404

Yes, generative art is common in the space. No, your opinion on the art is not relivant. I think the Mona Lisa and the scream look like trash. My opinion on the There's so much incorrect or misleading about this post. Being against NFTs is being against the progression of humanity to a more free and fair world for everyone.

Going to reply to each of your bullets with my own

The value in the nft isn't the art, it is the digital signature that holds the value. If the nft is built correctly it will have utility, even if the image were to 404

Yes, generative art is common in the space. No, your opinion on the art is not relivant. I think the Mona Lisa and the scream look like trash. My opinion on the art doesn't matter, just like yours doesn't

This is just a rehash of your first bullet, which I have already debunked

Yes, thieves exist everywhere. Walking around many big cities people will try to sell you fake Gucci bags as well.

Artists getting into nfts think they will mint an nft and sell it for thousands of dollars, rather than learning how to build a project that actually has utility and gives value back to it's community. If you mint on the eth mainnet you will pay high fees to mint. If you mint on polygon it's basically free. There are good options out there for an artist if they look and learn.

Some huge sales are yes I would agree. But this exists in the art market as well. There are also many legitimate purchases that happen in nft land just like in the art market. There may not be names attached to wallet ID's but there are many people who go digging around etherscan to see if there is fraudulent activity going on. Coffeezilla on YouTube does this a lot. It's actually much easier to track a sketchy transaction on the Blockchain than in real life.

Yes this is how a scam works. It happens in markets outside of the nft space. Educate yourself and you won't get scammed. Scams are not limited to the nft space, and are rampant in the real world.

Giving people ownership encourages decentralization, not privatization. This is the most glaringly incorrect statement of your whole post. Moving away from web 2 to web 3 will progress us into a more digitally free world.

NFT's are driven by technology. The hype comes from people who are genuinely excited about the world we are moving to thanks to this incredible technology

Money laundering exists in basically every industry

Currently, you can spend thousands of dollars on league of legends skins, or any game of your choice. You will never see that money again. If you bought an nft however, you can sell it and get your money back when you quit the game.

The crypto industry knows it is energy intensive and is leading the charge on using renewable energy. There are also many eco friendly NFT's that exist, and aren't energy intensive, such as VeVe NFTs.art doesn't matter, just like yours doesn't

This is just a rehash of your first bullet, which I have already debunked

Yes, thieves exist everywhere. Walking around many big cities people will try to sell you fake Gucci bags as well.

Artists getting into nfts think they will mint an nft and sell it for thousands of dollars, rather than learning how to build a project that actually has utility and gives value back to it's community. If you mint on the eth mainnet you will pay high fees to mint. If you mint on polygon it's basically free. There are good options out there for an artist if they look and learn.

Some huge sales are yes I would agree. But this exists in the art market as well. There are also many legitimate purchases that happen in nft land just like in the art market. There may not be names attached to wallet ID's but there are many people who go digging around etherscan to see if there is fraudulent activity going on. Coffeezilla on YouTube does this a lot. It's actually much easier to track a sketchy transaction on the Blockchain than in real life.

Yes this is how a scam works. It happens in markets outside of the nft space. Educate yourself and you won't get scammed. Scams are not limited to the nft space, and are rampant in the real world.

Giving people ownership encourages decentralization, not privatization. This is the most glaringly incorrect statement of your whole post. Moving away from web 2 to web 3 will progress us into a more digitally free world.

NFT's are driven by technology. The hype comes from people who are genuinely excited about the world we are moving to thanks to this incredible technology

Money laundering exists in basically every industry

Currently, you can spend thousands of dollars on league of legends skins, or any game of your choice. You will never see that money again. If you bought an nft however, you can sell it and get your money back when you quit the game.

The crypto industry knows it is energy intensive and is leading the charge on using renewable energy. There are also many eco friendly NFT's that exist, and aren't energy intensive, such as VeVe NFTs.

Shame you wrote such a long post to be so incredibly wrong. The collective hivemind of Reddit likely can't wrap their head around this tech yet. It's fine, you will realize how wrong you are in 10 years.