That's because you're not seeing what they are. Imagine buying a painting for a million dollars. Or a hand crafted watch. The markets for these talk a whole lo

That's because you're not seeing what they are. Imagine buying a painting for a million dollars. Or a hand crafted watch. The markets for these talk a whole lot about the intrinsic value, the workmanship, the creativity. And people do love them for those things, but that's not why they pay so much for them. Imagine being able to park a retirement fund into something that fits in your pocket. You can't even do that with gold bricks. But you can do that with watches. It's just a way to store a very large amount of money in something you can take with you anywhere in the world without anyone noticing. NFTs are even smaller than a watch. They're just the new version of the art dealing hustle that has been going on for centuries.