NFT's IMO are the most useless thing ever conceived in humanity. It's an unregulated sector rife with scams, fraud and other shady nonsense on top of being an incredibly lame concept and that's being extremely generous. I will never ever get my head around how a simple MS Paint picture concocted in 30 seconds can be sold for tens of thousands other than the purpose of money laundering. I just don't understand how owning a numeric serial of something digital is viable unless you can find some sucker willing to pay for it and you can cash out clean. I wouldn't even download a picture at gunpoint of the most valuable NFT and have it litter 13.9mb of a 2tb drive.
The market has deservedly collapsed in the past year since many main players are being investigated by law enforcement, and there has also been a downturn on the amount of millionaire 'celebrities' promoting things after they were shamefully scammed or just want to distance themselves at the risk of being sued advertising something they don't understand. I prefer physical things made with due care, skill or have some history. I just find it a nasty trend on a shady layer of the internet. AI art can produce way more impressive material in less than 10 seconds than anything I've seen in the NFT field.
Cash is king and you can't buy a car, holiday, food or TV with a collection of JPEG's of penises. If anyone makes a real money return out of this then fair play but me personally, I'd happily see this horrible fad die just like lootboxes.