Almost 9 months ago, I was ridiculed by many for spending $150k on a Punk.
Today, @Visa is one of the first institutions to enter the NFT space by spending the same amount.
If you make a NFT of a real diamond, and the diamond itself gets destroyed in a fire tomorrow, you still have the same asset.
Because the token still exists and is in limited supply just as before. Nothing has changed.
What NFT is doing to the concept of asset, few understand.