Ive been into Crypto sometime now and started exploring NFT about a month ago. From what I understand 90% of projects/collections have no tangible value at all. From what I gathered it also seems that most of the $ traded in NFT are that of traders who are looking to flip a coin.
Projects like the CryptoPunks and bored-yacht do stand out, but most of the projects are just silly. There are even projects where the creator bluntly states he(she) didnt invest any effort to create them(nft\_is\_dead\_long\_live\_nft, for example) and projects who are damn ugly(genesis-creepz for example).
For disclosure I bought one NFT(infinity frogs) for trying this, but now I think I miss my 50$ đŸ™‚