[Cthulhu_]

You get a certificate of ownership for your clothes - but you don't actually hold that certificate, it's a digital record in some database.

I mean, it's as valuable as what others believe it's worth, and like any common object with the word 'supreme' on it, there's people who consider these things valuable.

[nefitty]

The best analogy I've heard is, "Imagine you spent $1,000 for a painting. Now, instead, imagine you spent $1,000 to buy the receipt."

[ASalazarMX]

And any other person can have an identical painting, but without the receipt.

NFTs are a scam to introduce artificial scarcity and make someone else pay for it. The "art" (speaking of the picture in the root comment) hardly has any value itself.

[metters]

I agree, but also have to add: Does any (normal, non digital) art (say picture or sculpture) have any value itself? Besides the value of the material of course.