NFTs aren't commodities or assets, they're just conspicuous consumption. Dramatically showing off how much money a person can waste on an illusion is cringe-worthy. It makes me annoyed in the same way pay-to-play games annoy me.
They should.
You should be concerned about where society consumes resources. labor. concrete. gold. machine time. These things, in a given year, have limited supply.
You should not be very concerned about society consuming dollars - which is impossible to do (apart from burning it or fed decisions). Dollars are often a useful proxy for resources, but are not intrinsically linked. In the case of NFTs, the stock market, etc, they don’t consume as many resources as the large dollar figures would imply.
Yes there is some electricity use, I know. etc.
Point being, a wealth transfer does not consume resources. Carry on.
I mean aren't they arguably also wealth redistribution from the stupid-enough-to-buy-an-nft to the insanely-lucky?
This is going to put Charlie through college no doubt.
Investing the fruits of one's labor is widely considered a human right, and is even explicitly listed in the Declaration of Human Rights. And hedging ones investments with gold, silver, bonds or crypto is not an unreasonable thing to do.