I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?
I think the NFT hype was cooled down already plus accompanied by today's market condition that's why it is not surprising to see a 90 percent sales decline. however, if the market condition will improve hopefully? I believe NFT sales were also increased but I'm not so sure about it, just my personal opinion.
But the Non-Fungible Token or the (NFT) is not just an ordinary investment or a collection because it was a piece of digital art so it was more than just an ordinary token.
I agree. One of the main reason why NFT sales declined because of the current market condition. Everything in crypto space has been declining. So, I guess the decline of sales for NFTs is not gonna be a big surprise.
On the other hand, I'm still skeptical on these NFT digital arts sold for millions of dollars. I don't get it why these are so expensive. What I can see from the NFTs as a huge success in the future is through the NFT based games where you can actually use these tokens for purchasing in-game items while earning at the same time.