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this post was submitted on 13 Nov 2025
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I know a few people that to this day, trade NFTs and think they're valuable. They have weird little cults/clubs that have timed released drops, exclusive follow-on drops that you need to earn keys to have the right to purchase, these keys are earned by purchasing in sequential drops.
It's cray cray.
Sunk cost fallacy can be a tough cognitive trap to evade
I think NFTs in the very long-term likely hundred years or more even hundreds of years before they posess mass use. Similar to inter galactic space trade and multi planetary interaction of goods. As a way to trade posessions and assets without tangibly having said asset in person. Everyone would have a portfolio of assets so to say. It makes trading, buy, selling, every good no matter its price or size possible. Of course we would need a 3rd party asset manager for logistics but I think there's merit.
I feel like that would just replicate 16th century commerce where traders and their financiers possess the product. Barring warp speeds though you'd need an entire governance built around multi generational trade like LeGuinn's Ekumin or League of All Worlds. NFTs lack the mechanisms to enforce ownership, whereas whatever can tie the token to the material good will be sufficiently trusted to keep a ledger