How? You can't see if I own any NFTs right now. You can't see it in gmail. You can't see it on facebook. You don't get ads saying "rich NFT holders in your area!". No one knows or cares if you own an NFT.
The watch example is apt, similar to a Richard Mille being a flex that 99% of people won’t ever notice or understand it conveys status.
We already have strong social taboos about flashing bank accounts. The whole point of status good is they convey wealth rather than tactlessly showing a total.
See if this feels familiar:
Paris Hilton buys NFT of Hello Kitty! creator's DNA, says "crypto is the future"
Then what if someone mints new NFTs based on (say) the same images used for the cryptopunks cartoons?
You could get your extremely online bragging rights for an affordable price.
How do you handle someone minting multiple nfts of the same image on different chains?
Twitter seems to have too many engineers.