Many folks buy bluechip NFTs for the same reason they buy Gucci flip flops - to flex. Sure bluechip NFTs have utility and Gucci flip flops protect your feet whilst letting them breathe, but that's not why most people purchase them. Instead, the primary reason is social signaling. Here's what I mean:Owning a Lamborghini communicates that you're successful (cheapest model costs $200k).Owning a CryptoPunk NFT communicates the exact same thing (cheapest NFT costs $106k).NFTs are th...