Sure, but many things don't retain value. Your thousand dollar smartphone will be worthless in ten years. Your car will probably be worthless in twenty. People make the mistake of treating them like cryptocurrency which they aren't, but just because they're stupid and will be worthless doesn't make them worthless now.
Yes but a car and a smartphone provide so much more day to day value than the items being discussed so that's not really a good comparison. Tulips, while pretty and fragrant, won't help get work done, transport items and people to where they need to go or provide a valuable communication channel in an emergency. An, NFT, while potentially entertaining, is a lot more like a Tulip and has absolutely no similarity to a car or a smart phone in this context.
It's not about retention of value, it's that there never was any real value. A smartphone or car is useful; if the buy/sell price of my phone or car was $0.01 I would still need them, if the buy/sell price of most (all?) NFTs was $0.01 nobody would care about them.
It obviously has real value. People are spending a lot of money on them.
Every time I see a discussion about NFTs, it seems people assume that other people value things the same way as them. It’s a major cognitive bias called naïve realism.
People value things differently then you. I literally pay more money for things made by bands I like, for example.
The value of a car to someone who never leaves a walkable city is less than zero. The only reason they'd even accept a free car is because someone else would buy it off them. There is no such thing as inherent value. Even something as basic as food is worthless to someone who has no use for it.
