The best way I’ve seen it described as it is in a way a digital “baseball card”. Baseball cards in and of themselves have no value, just text on a piece of card

The best way I’ve seen it described as it is in a way a digital “baseball card”. Baseball cards in and of themselves have no value, just text on a piece of cardboard, and if it is of the same player, they are mostly fungible. But, if the baseball card is of Babe Ruth, and you bought the card before he got famous, and you took good care of the card, now it is a valuable antique worth money. NFTs seem to be a digital form of that, complete with a JSON of its “stats”, with the added benefit that each one is completely unique. As generous of a description as that is, I think your assessment of their current form is correct, as it really does feel like a scam. NFTs can’t be really “appreciated” the way that a collectible card can be appreciated, and heck I don’t think they have an actual viewer yet. I know that this criticism is a subjective thing, but I think it is significant. Then again, rich people buy valuable artworks that they don’t appreciate either, except for the price that the artwork is worth. It could be digital wealth signaling.