Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.
I believe, the question was if NFTs are overhyped in general, and not just at the moment. Therefore, there should not be much correlation with the current situation on the market.
Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.
not too overhyped, but just getting out of hand. NFT is an attraction for the market, but its insanely expensive price makes it look weird. many think NFT is based on pure speculation and there is no art in it. only with influence, one can sell NFT at a high price and otherwise original artwork made by an unknown person will only be priced cheaply.
They may not always be seen as an artwork. A huge amount of NTF was created only with the aim of making money, using the already existing popularity of some celebreties. So they found another way to monetize their own fame without generating anything creatively worthwhile, that could be concidered as art. A completely different question is why most people like it and they support the hype. As for me, NTFs are another manifestation of how people can get in touch with their idols.