What is the true nature of the NFT bubble

If scarcity if part of the value of a work, the fact that it isn’t reproducible is a plus. The value of an artist’s painting vs a print. The fact that you can’t reproduce much of art with a digital picture. I mean- I guess you could 3D print a copy of a ceramic. But I doubt anyone would value it the same as the original.

And formats will always change. The value of a digital work in an outdated format compared to newer, better ones seems suspect. Other than historical value. But anyone can have a copy of it. Why pay more for your copy because it’s on the blockchain?

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