What determines the value of NFTs?

The value of non-fungible tokens depends on the supply and demand for them. NFTs that are created to represent physical assets are easier to value. But most NFTs are only presented in numerical terms. Each token collection has a different supply, some NFTs can be very rare. The popularity of tokens is also influenced by the team of creators or the personality of the artist. Especially in demand are tokens that have certain use cases, for example, give users some kind of privileges in the project or play-to-earn games.