> I’m struggling mightily to see how most NFT... There is intrinsic and then there is extrinsic valuation; it's no different than startup valuations. But since

> I’m struggling mightily to see how most NFT... There is intrinsic and then there is extrinsic valuation; it's no different than startup valuations. But since this is HN I don't want to dive into market psychology, I'll leave you with a 1-million-dollar example, with source code[0] to (one of) the OpenSea smart contracst[1] to determine the value for yourself. [0] https://etherscan.io/address/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d#code https://etherscan.io/address/0xbc4ca0eda7647a8ab7c2061c2e118... [1] https://opensea.io/assets/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/126 https://opensea.io/assets/0xbc4ca0eda7647a8ab7c2061c2e118a18...