They're not.
The morons have just convinced VCs to get in on the rug pull.
I'm sure anything of significant value is wash traded, an/or greater fool suckers.
Discussion
They are good marketers, thats all thats required nowadays to get fundraising.
F'ing leeches.
Almost makes me wish Mafia money or jail time is involved.
Net negative for adoption, trust, and credibility - despite their claims otherwise.
Reeks of A16Z money... it's an attack. If you want to make something of actual value with NFT s , make a ticketing system for events that competes with Ticketmaster