Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?
They will somehow lose their value in the days coming. NFT just only got the attention because of the hypes, because of social media influencers but apart from that, they are obviously making ni help to keep the market growing. And besides, most of the are scams, the majority of them are gone after lauching causing losses to the investors. And we've noticed that they only just stay for a while and many investors are then leaving for the metaverse.
But the NFT market appears to be cooling off these days, with falling transaction values and canceled auctions of high-dollar NFTs. Even some zealous NFT supporters are worried that the market has gotten oversaturated. Gary Vaynerchuk, the online marketer and a NFT mogul himself, recently predicted that 98 percent of NFTs would lose money.https://www.nytimes.com/interactive/2022/03/18/technology/nft-guide.html Apparently, it was clearly explained.