What’s driving the ‘value’​ of NFTs?

Meme created by Tara Annison, and not yet monetized as a meme

“They don’t have intrinsic value”

A rebuttal to this argument against NFTs (and cryptocurrencies more broadly) could fill a blog post in and of itself. However I shall provide a condensed response.

“What are they even FOR?!”

Whilst this challenge can easily hold against NFT projects such as Taco Bell’s 5 collectable tacos, and Charmin’s digital toilet roll artwork which serve little purpose other than a marketing ploy to jump on the NFT bandwagon (although at least Charim are donating the sale profits to charity), when we explore some of the notable NFT sales there’s a little more depth to the projects which can be seen as driving their value.

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