Similar to fine art, which can be used to move large amounts of value due to the subjective nature of its price, NFTs are even easier to use for "wash" trading. This practice can be used not only for "cleaning" illegal funds but also for "legal" money. Of course, I cannot confirm that's the case here with 100% certainty but it looks like. Otherwise, why would people be willing to spend so much on "nothing"? With shitcoins and their NFTs, for example, there are a few possible scenarios, but the simplest to describe would be either playing with multiple accounts until the item is finally resold, or directly transferring the funds to oneself or a "trusted" partner as payment for some "art". For example, if a company has surplus funds it does not want to claim or exchange to fiat coz they want to play tax, and it also does not want to keep it in crypto, it could create a piece from one account and purchase it from another, effectively sending funds to "itself" using two or even three different accounts (create + sell, buy, resell). Alternatively, this can be done with a "known/trusted" third party, often located in another jurisdiction, where the funds can either be kept or cashed out. Yes, I'm calling it laundry or washing. With shitcoins it's a deeper story which I simply don't like (hypocrisy and the reality that's fir me much worst than actually fiat itself...). With btc I know that simply P2P like peach, hodl hodl, robosats etc would be a decent way to covert one's value, or even to exchange it (vouchers etc) if really needed. I don't see the point of playing with ordinals, just straining the network.