Today's word is potlatch.
https://en.wikipedia.org/wiki/Potlatch
"A potlatch involves giving away or destroying wealth or valuable items in order to demonstrate a leader's wealth and power."
Or, in the current parlance, a "flex".
https://en.wikipedia.org/wiki/Potlatch
"A potlatch involves giving away or destroying wealth or valuable items in order to demonstrate a leader's wealth and power."
Or, in the current parlance, a "flex".
I think a lot of the attraction to NFTs is this "flex"--they're totally arbitrary and the only thing "original" about them is that someone, somewhere on a blockchain minted one (rather than the artist themselves creating only one original, for example).