Does NFT has any value and how is it calculated?

The general thought behind NFTs is that they can't become constrained by some other authority than its proprietor's. A good NFT ought to in this manner be protected from harm and altering; as a gatherer ought not need to stress over the future of his fine art.

The value of Non-Fungible Tokens (NFTs) lies in their ability to represent unique digital assets, such as art, collectibles, music, and even virtual real estate, on blockchain platforms. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are indivisible and cannot be replicated, making them one-of-a-kind.

NFTs offer several benefits, including provenance and ownership verification, transparent transactions, and the ability for creators to monetize their digital works directly. They also enable collectors to authenticate the rarity and authenticity of digital assets, creating new avenues for investment and ownership in the digital realm.

Moreover, NFTs have sparked innovation in various industries, including art, gaming, and entertainment, by providing new ways for creators to engage with their audiences and monetize their creations. However, the value of NFTs is also subject to market demand, perceived scarcity, and the reputation of the creator, which can fluctuate over time.