No NFTs are not overrated; they are hyped up and over priced right now.
There is a tremendous future for NFTs, but not down the path we are going. They will denote ownership of assets that are backed by network effects. This will be likely pertaining to gaming or other virtual assets that are utilized.
They will also be the defacto form of Intellectual Property. That said, there has to be something intellectual first, a situation that is not present in the environment of today.
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This is exactly what I believe...
NFTs open the doors wide to huge potentials in the future, but I think it's being exploited for quasi-scams things today, especially when a popular company promote something of non-value as an NFT
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