Jonathan Zittrain and Will Marks argue that the complexity and arbitrariness of non-fungible tokens are a big part of their appeal in an op-ed for The Atlantic.
“The NFT craze, and the blockchains underlying it, lay bare the philosophical questions around why we treasure things beyond any tangible worth to us—and the leap of faith we indulge, wisely or otherwise, when we buy something not because of any innate worth to us but because we expect others to value it later.”