I think trend of NFT is just beginning, because in my country this still new thing and new business model. Some artist and content creator here just started to use this new technology to gain profit and benefits by selling their contents or artwork on the NFT platform. The tokens of NFT platform going down only triggered by Bitcoin dumped, and that not mean this kind of project is dying.
now the NFT hype has become a trend for those who want to sell their products in crypto but still like other cryptocurrencies, NFT uses blockchain technology, so the use of this technology allows someone to track the unique NFT code, and in my opinion basically bitcoin also has a strong influence on NFT price movements in the market because we can see how the majority of NFTs also experience a price decline when bitcoin crashes.
however, for those of us who want to buy NFT, we should remain careful because NFT is a completely illiquid asset, so anyone who buys NFT will not necessarily be able to resell it to someone else.