Tulips, NFTs, and the Metaverse all revolved around exclusivity and collectibles. Art with no real utilitarian value.
I pay OpenAI $100/mo, twice what I pay for my mobile phone service.
It’s a useful service that I use every day.
I have never even heard of anyone in my social circle expressing even a mild interest in tulips, NFTs, or the metaverse.
This bubble has much more in common with the rail road boom and the 2000 fibre build out bubble.
How did metaverse revolved around exclusivity or collectibles?
You start with "real utilitarian value" and your example is... how much you pay for it. That sounds more like a drug habit.