You can compare it with the defi hype. But once people realized that the value of NFT really depends on what it is really representing for, slowly they will die down. However, since they are just starting to hit the market, expect that most of the NFTs will be overpriced in the market. If you want to get a hold one of these NFTs, make sure that you are paying for something that will really be valuable years from now. Because for sure, a lot will try to sell worthless NFTs for thousand bucks or more.
Yes, we can. The hype is almost the same for Defi and the NFT, as we see on its craze. They're both having the same attention from many investors and thinking that they can bank profit on it. I'm also thinking that it will suddenly lie low soon and will start dying off. Then, those who have made millions through their digital arts will just sit and enjoy the money that they've earned through it. While those believers who are too late will have to embrace the reality that the hype's gone.