| Why the attitude? I didn't mean to come across with attitude. Only that your question about intrinsic value seemed rather .. weird. My point with that parentheses was that there are a lot of things that has no intrinsic value but still has value on the market. Can you provide some examples, please? I can think of plenty of market assets which have what we might say is slightly abstract kind of value -- "brands", naming rights to stadiums, etc -- but still, it's pretty straightforward to see the intrinsic utility they provide, and that this easily translates to dollars. With NFTs though -- there just isn't it any. Other than to sell to the next sucker in line. EDIT: Wait, I can think of one asset class that compares to NFTs: signed sports memorabilia. Which of course have crap resale value (except for items signed by ancient players like Joe Dimaggio). But the modern versions team franchises regularly crank out -- not so much. |