Comment by jMyles

I'm not really convinced that people thought there was "anything else", it's just that people thought that the entry on the ledger was going to increase in value, even from some of the stupifying initial values.

I own several NFTs that are important to me, and they're worth every penny I paid. I never had any illusions that I owned anything other than a historical footnote; I think that this sort of ownership is meaningful and important.

It's much more realistic to me than "buying a song" from one of the corporate music distributors. "Owning" a song seems to be much more of a misunderstanding of how data works in a digital world than owning an entry in a ledger.