They saw utility. You seem to think it was all about free tokens, which I don't deny, yet I maintain that the utility is what gave the tokens any value.
RE: If I Was Still On Hive
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If I Was Still On Hive
yes, the utility creates demand
Which is why I think NFT failed so miserably. Pure speculation born from the most absurd utility imaginable, exclusivity over authorship and ownership as an end in itself, not as a by-product as is entailed by everything else.
exactly like the "fine art" market
It depends, seems fine art outperforms even bitcoin, nft, its the complete opposite. It seems that fine art goes up, while nft only goes down. Fine art, like collectibles, have something OTHER than just exclusivity.
Use case other than eye candy, and exclusivity.
which also holds true for the nft market
Except one gains value, while the other devalues.