[shiohime]

NFTs are simply single issue tokens that can optionally be part of a collection. While most NFTs today take the form of a link to decentralized storage on solutions such as IPFS or Arweave, it is completely possible for an NFT to provide value as a token. For example you can have a project where NFTs provide access to services, as well as optionally have links to art. But you really don't need to have the art aspect at all, you can use them as access tokens or whatever you want really.

[jakear]

So it’s either an expensive way to claim ownership of a resource provided other people are trusted to do the actual work of hosting that resource, or it’s an expensive way to replace JWT’s. Exciting. Truly.

[shiohime]

NFTs are only expensive on Ethereum. You can mint for cents or less on other chains.

[darawk]

Real estate title is a good example of something that could be handled this way more cheaply than it is now. Title to any physical asset could be handled this way, too.

[rglullis]

Your cheap jab says more about your lack of imagination about potential use-cases than about whatever shortcomings the technology has at the moment.

Okta is a multi-billion business and could also be characterized as "an expensive way to replace JWTs". Authz/authn is one of the most common use cases that every application developer needs to implement. How much would you like to bet that in 5 years time NFT-based authn/authz will be bigger than Okta's market?