Worth reading Metakovan and Twobadour’s article outlining their motives for their record-shattering $69m digital art purchase:
Digital decentralization enables cultural decentralization. Anyone can create NFT art, anyone can buy it, anyone can see it, and anyone can be inspired by it. Dominant cultures have a tendency to imperialize, to centralize. We see the global Metaverse as an antidote to this tendency. There is space for many cultures, lifestyles, and ideologies. An opportunity to find your ‘tribe’, no matter where you’re from. And that is powerful. That is the future.
As the space expands, it becomes vital to have access to NFTs that carry a narrative, as well as financial upside. You can’t have one without the other.