Yup, and I've heard Ubisoft tried getting into it as well. A lot of the values we see for NFT are simply a scam, where they bid their own auction at high prices then sell it to themselves to inflate the value, after that they would try to get suckers to buy it at "discounted" prices to earn a profit. Another thing I've heard that I'm not sure if its true or how it works, but you could get like tax reduction by selling your NFT at a "loss" because it counts assets? This could just be a rumor because that's pretty weird.
Yeah, I don't know why its legal, but China is allowing it and Shanghai is building a market for it I think, so maybe there's some use for the technology behind NFT, just that right now its being used a speculative vehicle to scam greater fools into parting their money, because there's no regulation behind it.