That's a really overly-complex way of stating in jargon that it's a digital file with another (encrypted) digital file attached to it that means absolutely nothing if it's lost by hardware or connectivity failure or if the power goes out.

Tom Selleck selling reverse mortgages was bad enough.

In reality, a lot of NFTs are ultimately purchased by their owners in the course of laundering money due to the lack of oversight, and there's a lot of profiteering in the process of minting NFTs, so there's a vested interest in recruiting people into the establishment.

People that trust it without proper research are getting ripped off in droves, victimization at it's worst... A Lot by this hustle. The modern way of downloading a car.

Really makes me wonder if anyone (except corporations) really is making honest money over the Net any more to be frank.