I am not suggesting that NFTs do not bring value to the ecosystem, but it doesn’t equate to the value a well funded DeFi project brings.
Regarding the additional tooling, its over saturation. And my concern wasn’t that NFTs funded by NEAR will rug, but it was to reinforce the point of riskiness of betting on NFT projects.
But this all are minor problems. My major issue is with the fact of use of the funds from a grant. An NFT project is completely different from a DeFi project in the prospect of finding capital. Unlike DeFi, NFT projects usually get their funds by minting and those are large amounts most of the times. I’m not exactly sure what additional value a grant gives to the project that they already don’t have.