I've seen both ends of the NFT flex you mention: the one that is a pure flex, from a twitter account obsessed with wealth creation.
And then I see other ones that feel pure and fun and organic. Many crypto early-adopters were mocked and told to be crazy. So adding the cryptopunk to their avatar signals a message of pride, and one of "welcome to the future."
As someone who works heavily in NFT's right now, this really resonated for me. I sometimes struggle to explain to people the "why" of a purchase, and tend to focus on owning the original or the master (great analogy) that you mention. Tying it into a status symbol or belonging (that is another word I think would fit well in this discussion) makes a ton of sense. We are always looking for groups to be part of. Owning a crypto punk makes you part of a group or class.
Fantastic overview.
I've seen both ends of the NFT flex you mention: the one that is a pure flex, from a twitter account obsessed with wealth creation.
And then I see other ones that feel pure and fun and organic. Many crypto early-adopters were mocked and told to be crazy. So adding the cryptopunk to their avatar signals a message of pride, and one of "welcome to the future."
As someone who works heavily in NFT's right now, this really resonated for me. I sometimes struggle to explain to people the "why" of a purchase, and tend to focus on owning the original or the master (great analogy) that you mention. Tying it into a status symbol or belonging (that is another word I think would fit well in this discussion) makes a ton of sense. We are always looking for groups to be part of. Owning a crypto punk makes you part of a group or class.