NFTs are all the rage right now. But are they actually valuable?

NFTs seem to have entered the mainstream. But the technology remains confusing and inaccessible to normal Americans.

Millions of dollars are poured into this emerging market for digital goods, which has rapidly increased the careers of some independent NFT creators.

NFTs have no physical or tangible value. The technology of NFTs codifies and enforces a metric of scarcity on a digital file.

• Functional value (What can I use this for?)**:** Most of the discussion around NFTs is about how you will use the NFTs, show people your cryptocurrency wallet, and your taste in art or music.
• Hedonic value (How much do I like this thing, in and of itself?)**:** Things that were once treated as interchangeable on the digital space, like a virtual collectable, are existing with the added value of where you got it from.