> ... the only reason why someone was willing enough to pay $760k for this NFT is because they genuinely believe it's equivalent in value compared to buying on

> ... the only reason why someone was willing enough to pay $760k for this NFT is because they genuinely believe it's equivalent in value compared to buying on the analogue art market. I'm not sure that's the case. They may just be speculating that someone will be willing to pay more for the NFT in the future. It may be it's even beneficial to them that they don't have to exhibit or secure the art themselves.