Does NFTs have any use case?

[Kera]

I have seen people claiming NFTs here and there. And I don't know what the use case of NFTs are in this blockchain thing? Can they be used for transactions? Do they have any inherent value? Is there a market to trade NFTs? How do they derive their value?

 

[magnus2022]

This is one of the reason NFTs value seems static. NFTs is like digital artwork which the value is in the eyes of the beholder. Before the revolution of AI, digital artwort ie NFTs is lucrative because most of the work was done diligently and painstakingly. But now, with one click, you can create a beautiful AI image.

 

[Fidelia]

That means NFTs in the real sense doesn't have any monetary value. Are people even still involved in NFTs?

 

[Suba]

NFT is just a digital collectible, like a painting hanging on a wall, it has no value for those who don't like it but will be very valuable for enthusiasts. NFT has no market value so it cannot be used for transactions, you can trade NFT on Opensea, Rarible etc.

 

[riberet19]

Really, I don't think they have any real use case today, as another user says, they are just digital collectibles, and today, people still don't see the real value in this.

 

[Xtynehappy]

For me l have never seen the meaning of the NFTs so far. I have never considered it for sure.

 

[Fidelia]

I have not even come to understand these NFTs thing and it seems people don't even have interest in it at all. Very vague.