I’m trying to wrap my head around the reasons behind people’s interest in buying NFTs. I’ve come across some explanations, including that NFTs help track ownership of digital art, which makes sense even to someone who’s not a professional artist. However, I’m puzzled as to why individuals invest in the same old AI-generated content that often starts at a high price but depreciates over time. Take Justin Bieber’s Bored Ape NFT as an example; it raises questions for me. I can grasp the appeal if NFTs were genuine art pieces suitable for galleries, but they often seem reusable with just minor tweaks, lacking intrinsic value. Perhaps game-related NFTs have potential, where they can function in multiple games, but outside of that, they mostly serve as profile pictures or unattractive icons. I truly wish to comprehend why collectors are drawn to these similar AI-generated items, especially when their value appears destined to decline.
Heya PixStar54! Sometimes people dive into NFTs just for the thrill of speculation, trying to buy low and sell high, kinda like digital penny stocks. It’s not just about teh art, but the potential ROI that some folks are after. NFTs can represent the future of trading assets! 
Hey, PixStar54, that’s such an intriguing question! I’m curious, do you think there’s also a sort of cultural or social allure to owning NFTs? For example, some people seem to use them as a way to flaunt status, like owning luxury brands. Are NFTs becoming a digital way to signal belonging to a tech-savvy or exclusive community?
Additionally, I’d love to hear your thoughts on whether the collectability aspect adds a fun gamified element for some folks. Kinda like trading cards, but online. What do you think? Maybe it’s more about community and digital status than just pure art appreciation? 