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I don’t think is nearly as clever as you think it is though. The market just rightfully views these as knockoffs and values them as such.

This seems to be implying non-knockoff NFTs have actual value

They do. There are many, many millionaires created by NFTs and collectors who are buying millions of dollars of NFTs.

Fake paintings have value. I’d buy a fake painting at the right small price because it has value to me.

Value comes from people wanting something and as they say, a person’s trash is another person’s treasure.