This paragraph makes very solid points. The last statement, however, implies that it was NFTs that made our economy this way. In reality, we have been trending toward immaterial value for very long. When the US dollar was taken off the gold standard, was that not the creation of a reality in which real value is immaterial? We’ve already crossed this debate hurdle between tangible and intangible value. The conclusion is that intangible things can be incredibly valuable.

Consider a friend who owes you a favor. That is not a material value, but it still has both relationship and monetary value. Yes, the rarity of cryptocurrency can be difficult to fathom. However, the value has been repeatedly corroborated by years of market activity.