Serious Question: how is NFT anything but Intellectual Property rights on steroids? It seems the ideal method to allow the elites/billionaires to track everything they own, in the online world?
I'm not sure where you are with property ownership - perhaps this is a reference to Proudhon, or perhaps a reference to the legal fiction that we use to navigate this system? Whatever the case, given time, the legal system would likely end up supporting NFT ownership + usage fees I think.
Worse, they require no rights to create. You don't have to be a copyright holder to create an NFT, you just need a URI.
Your ownership of an NFT implies nothing about your ownership of the referenced object in real life (physical or digital).
However, as sibling comments note, they're actually very bad at it, because despite all the ballyhoo about decentralization, making that kind of thing work requires cooperation from centralized authorities.