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Sure NFTs can be a useful tool, but they are more of an 'idea' than an object at that point so it gets hard to assign a value to them. Indeed the whole problem

Sure NFTs can be a useful tool, but they are more of an 'idea' than an object at that point so it gets hard to assign a value to them. Indeed the whole problem here is that we're trying to assign intrinsic value to something which isn't fungible in the first place (which makes the notion of a market for them somewhat problematic). So yeah I'm going to maintain that NFTs are, by design, all extrinsic value. And if someone is offering free NFTs or free dog shit you're more likely to get some use out of the latter.

throwawaycities 5y ago
> And if someone is offering free NFTs or free dog shit you're more likely to get some use out of the latter. I only own 1 NFT that was free to mint (NFT Worlds) and the floor value is ~$20k, plus they airdropped some tokens worth over $5k. It also just so happens this is one of the NFTs someone will get more use out of than dog shit. Market value aside, the intrinsic value of the NFT is that at any moment I can trustlessly make it available for acquisition and the prospective buyer doesn’t need to worry that it’s a counterfeit, and I don’t need to worry about any chargeback. However, you are correct that depending on the asset a given NFT represents, there could be additional real world components rendering the NFT to something of legal title to a real world asset, but the intrinsic value of the NFT remains (the ability to trustlessly sell/acquire legal title in a censorship resistant global market).