Majority of NFT's are garbage (Sturgeon's Law) and not worth any price. However the nature of an NFT is that it allows an asset to be wrapped in a smart contrac

Majority of NFT's are garbage (Sturgeon's Law) and not worth any price. However the nature of an NFT is that it allows an asset to be wrapped in a smart contract and have ownership and terms of use encoded. There's something to be said about having digitized assets that can be trustlessly verified and have capability of issuing dividends. The Veblen effect also comes to mind. The more something costs, the more [rich] people want it, no matter how ridiculous, typically used as status symbols. - [0] https://en.wikipedia.org/wiki/Sturgeon%27s_law https://en.wikipedia.org/wiki/Sturgeon%27s_law - [1] https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good