Quite strange isn't it? Some people will do anything to support (or hype) NFTs by buying them at an insane price. It seems to be working as some artists/influencers/popular figures have started selling things they can convert to NFT. Just an hour ago, I read that Steph Curry of the Golden State Warriors spent $180,000 on an Ape artwork.

Anyway, I think the whole NFT market is still inflated and we can't really determine it's true value until the dust settles down.