Crypto Is Cool. Now Get on the Yacht. - The New York Times

Starts by covering the first IRL NFT/crypto conference, before seguing: "smart investors are not buying seven-figure JPEGs these days... looking past NFT artwork entirely... to Web3... decentralized internet service [running] on public blockchains, with token-based reward systems that allow users to profit from their online activities."

• electronic health records as NFTs, seamlessly transported between doctors
• songs as NFTs, with a share in future royalties
• Fortnite skins as NFTs, transferable from game to game

Before turning to the exclusive party run by Friends With Benefits DAO - owning tokens required for entry: "Web3 kids trying to tear down the old social hierarchy, only to replace it with a new, tokenized one where they were on top.”

Good definition of DAO: " a new kind of leaderless crypto-club... have been described as group chats with bank accounts"