People looking at NFTs as beanie babies or mona lisas are severely missing the point. The vast majority of high value art transactions are ALSO tax/asset manag

People looking at NFTs as beanie babies or mona lisas are severely missing the point. The vast majority of high value art transactions are ALSO tax/asset management activities. The prices are only loosely coupled with the art, and are primarily derived from the scarcity AND the fact that someone else paid $x in the past. The fact that you purchase these with cryptocurrency should highlight the use case.