I've got no illusions about NFTs, but I also think they're perpendicular to the real takeaway from this article: Instagram yet again tried to ape a competitor's (in this case Twitter's) feature, yet again did not check whether any of their users wanted it, and yet again shuttered it after wasting a lot of time, money, and goodwill. I am starting to wonder if it is Facebook's dumping ground for features that they don't want to test-in-prod on Facebook actual.
Totally agree, single projects on Blur have $3 million in 1D volume and a floor price above $100k (at time of writing, 66 eth), the copycat markets were a little silly to think they would catch the spillover of the popularity of the platforms that started it just because they made the same thing on their side of the fence. It's a shame that it was a feeding frenzy for scammers, it's just another protocol when you look under the hood [0]
Especially if they dont market to fraudsters and money launderers but to normal people who already pirate movies and wont start paying for monkey jpeg.
