i think you are underestimating reputation, legitimacy, and community.
sometimes this metadata matters, other times it doesnt at all. its just a handshake between two people.
relationships matter. if you mess up your metadata, rugpull your audience, remint the same works, break the trust with your audience, thnen your not gonna have a good time. but if you understand your community, be transparent and giving, and participate, you will have much stronger connections with others.
What happens if you rug pull after 5 years while being a model NFTer until then? If your customers are buying "real" art or products from you they don't just go poof at that point (with some exceptions, like IoT or some software). Many NFTs do because they hyperlink content hosted on real servers with real costs to run.
And no online community lasts forever either. How does an NFT community wind down? Does the value of those NFTs drop? Slowly or quickly?
It's easy to claim it's about the community when things are going well, but one day some part of the community will be left holding the bag of worthless assets. Is the rest of the community going to bail them out?
sometimes this metadata matters, other times it doesnt at all. its just a handshake between two people.
relationships matter. if you mess up your metadata, rugpull your audience, remint the same works, break the trust with your audience, thnen your not gonna have a good time. but if you understand your community, be transparent and giving, and participate, you will have much stronger connections with others.
nft critics ironically cant see past the money.