memes

I could buy a beanie baby at an auction and then drive across town and sell the beanie baby at a different auction. I'd get around the same estimated price on the toy buying and selling, unless I found a particularly friendly/disappointing market.

By contrast, the NFT auction houses are all owned and operated by the same assholes trying to sell the digital merch. The prices are set arbitrarily, many of the sales are wash sales or straw purchases, with the same individual/cartel running multiple accounts to create the illusion of a market. Once you've bought your NFT, there's no real way to off-load it onto anyone else. It's purely a scam.

Tack on to the tail end, at the absolute worst you get a cute little stuffed animal out of Beanie Babies. With NFTs, you're not even buying the artwork itself. You're buying a link to artwork with no guarantee of continued costing. Quite a few NFTs are the victims of Link Rot, leading to the owner having gone out of pocket for some absurd fee in exchange for what amounts to a stall bit.ly URL.