First of all, the hype of different blockchains has garnered attention. People who fall into the hype hasn’t learned about the financial literacy and the risks of investing into those.
When Axie Infinity became popular in my country, influencers have started promoting the game and so-called scholarship, which is to refer to a new player. Within a few months of playing, people lost money. Influencers haven’t spoken about the players losing money.
Remember, investment into such blockchains carries a risk. Those are called the digital Ponzi scheme by some people.
Unless you’re trying to avoid a legal obligation or get around paying for something that its illegal for you to purchase there really isn’t any point in messing with crypto currency.
NFT’s and crypto currency speculation are just high risk gambles. Either the assets are being flipped in pump n dump schemes or money laundering and if you’re seeing ads about “get in now and get rich quick!” that NFT/crypto market is just looking for bag holders to pay off early “investors”.
Blockchain is a very brute force attempt to make an anonymized customer transaction system somewhat more trustworthy but its slow, expensive, and once a mistake is made it is transmitted to every ledger in the system. “Realize something’s wrong and want to go back and fix it?” Well, too bad, either the mistake is now permanent or you fork that particular blockchain ledger and hope there aren’t any more mistakes.
Smart contracts are dangerous as fuck. Write a contract wrong? Welp, its permanent now. Does it have executable code? Well… we hope its not malicious because the only way to get rid of it is to kill that whole blockchain project and start from scratch… which nukes everything, not just poorly/maliciously written contract. The law of the land is “enter into a contract at your own risk” with no oversight and no way to recover damages if you’re a legitimately wronged party.
In the end, all of the problems that crypto speculators and blockchain proponents try to solve just winds up bringing them back to a centrally governed non-digital currency system that removes much of the anonymity that made it easier to pay for things that are designated as “illegal”. The original point of crypto currency.