I think the issue is that NFTs will be taxed at the higher 28% maximum capital gains rate rather than 20% like most investments. If you buy stock or land you get the lower rate. If you buy gold, art or NFTs you get the higher collectible rate.
“..NFTs will be taxed at the higher 28% maximum capital gains rate rather than 20% like most investments.”
For us mortals with yearly taxable income less than $550K, the long term capital gains rate is still 15%.