The Confusion of Utility in the NFT World

The speakers express confusion over the popularity of utility in the NFT world, questioning the meaning of features like future air drops and complimentary tokens. They discuss the potential uses and applications of blockchain technology for Bitcoin, Ordinals, and inscriptions, cautioning against the belief in blockchain as a magical solution. They also discuss the concerns and problems associated with NFTs on Ethereum, highlighting the need for careful inspection and code auditing of each ERC 721 contract.