[TomSwirly]

So it's like a contract, but not enforceable.

In other words, worthless.

[ses1984]

Right, an NFT by itself is worthless. A NFT granting access to a concert is only as valuable as the promise associated with it.

It could be tied to an actual contract.

The value prop of an NFT is pretty much limited to just being able to transfer it reliably without relying on a trusted third party.

It's not like it provides a cryptographic guarantee that some contract that exists outside it will be honored.