[fleddr]

Well, these investors do have some bigger vision regarding NFTs, or crypto as a whole.

The idea being that we live in a rapidly digitizing world (software eats the world) where everybody has a smartphone. To them it seems an inevitability that you have a digital wallet holding your assets, whether they be physical or digital.

In your case, it won't have a JPEG, which you consider gambling. But it might have concert tickets, a token of your favorite football club, assets from a game you love to play, or even the proof of ownership of your real estate.

I don't know how and if this vision will materialize but that's the big idea. Your concern that companies and institutions are invested in digital assets (specifically NFTs) is misplaced, the actual gambling is done mostly by big crypto holders.