Serious question which I hope doesn’t sound too cynical: Why would I buy any major NFT collection that already has a token? If I’m bullish on apes or pudgys isn’t it much easier, more liquid and smoother to buy the token instead? I also think bragging rights of owning the nft paradoxically become less relevant the more well known and distributed the brand is If pudgy gifs have billions of views and hundreds of thousands of people will use cute pudgys as pfps or online avatars, then very few people outside of ct will care if you actually own the underlying nft or not The opposite holds true for punks because they’re not a mainstream brand and connaisseurs appreciate them as a part of digital art history So I guess my question is, what’s the bull case for JPEGs specifically in a world where there’s a token And don’t get me wrong, that’s no hate at apes or pudgys. I still got my pudgy and still look to buy my ape back. I’m just trying to understand why new entrants would buy NFTs over erc20s and I don’t think bragging rights is gonna cut it long term