NFT is a modern trend because the price of NFT continues to grow.
Price for NFT growth is even more than the price of cryptocurrencies. That is why many people buy NFT and use them for investment perposes.
Price of NFT? there thousands of NFTs out there and not all of them are continue to grow. And as you can see, the market isn't that good and it's dropping a lot.
The growth has been delayed especially for those games that have become popular. Maybe for some artwork NFTs, they keep on pumping since they don't have a trade economy just as the other NFT governance tokens.
As you said, there are thousands if not millions of NFT right now and all of them are not well developed and even now there are a lot of scams in them.
but the important point is that something like this is definitely a huge hype regardless of what it is still stuff like this is really good and their hype is still going on and that's really good.
But don't forget that hype will always end and I think NFT will sooner or later be like that
yes, what you say is very true, there are many frauds in the development of NFT now, both in the Bounty project and in the ICO project. but in its development I think it's not like what you said, Nft is currently very big in development, for example cifi, pyr and many other nft tokens that are being developed to increase the potential of the NFT market.