Judging by the latest news, I noticed that the interest of NFT industry leaves a double impression. On the one hand in the same March there was a drop in interest in NFT from retail traders and those interested in this direction of the crypto industry.
This is also reflected in the drop in trading volumes on OpenSea and a decrease in the number of searches on Google. That is, according to these factors we can conclude that the NFT haip is coming to an end. But on the other hand in March venture capital investments were mostly in the NFT projects.
What do you think, the NFT HYIP is over or the interest in investments in the NFT projects is due to the fact that now the market began to appear to a greater extent, high-quality projects, but not a mountain of spam, when NFT created everyone who is not lazy?
I do think that the first big hype wave for NFT's is slowly but surely running out at the moment and i think we will see the trading volume of NFT's continue to go down over the next couple of weeks and months, but i also think that this is completely normal and not a reason to worry at all. The crypto market is still all about hype and trends and this is of course also true for NFT's. Once the first NFT projects came out and were a huge success and made a lot of people rich a lot of other people saw that and also tried to hop on the NFT hype train in order to also make some quick profit. Of course those second generation NFT projects were mostly just copycats that were put together in a haste with very little effort. Those copycat projects are the reason why the hype is going down sooner or later.