And people pay for these apes? I guess ordinary apes were not enough, that's why they have mutated.
In the past years people used to offer ICO's with the promise of good ROI, but NFT's somehow found a way to sell the same amount of effort and call it art.
One has to wonder, what was wrong with ETH, wasn't it enough? I think it did serve the purpose of supporting such markets, but for some twisted reason some people had to bring this market in to bitcoin. From the outside it looks as if someone is trying to sell bubble gums in wall street, that's how ridiculous this all is.
NFT's are a leveraged position. Bitcoin NFT's, or inscriptions, are a far more fungible approach to digital artwork maintained in the value of Bitcoin itself. I say it's a step forward, especially with the fact that Bitcoin has many use cases that expand beyond a digital payment system.