I don't think the NFT hype is over, it just corrected because the greater market corrected. Another issue is that ETH gas fees are just too high to trade NFTs profitably. Many people are moving to other chains like SOL, HBAR, and ICP to trade and collect NFT art.
Maybe the NFT hype still persists to this day but the interaction for NFT trading has decreased even though the impact of the market correction continues to suppress the decline in NFT trading, I am no longer interested in investing in NFT and have switched to investing in top altcoins because it will be profitable if the market can recover at the end next year.
They can still be quite something to be reckoned with but in this case why now they seem to be fading away is because their hype is so booming and almost every day a topic of conversation that when things like this happen it's as if they are extinct but this is still going on and I still feel that the NFT Hype will still continue because considering that there are still many people who contribute to it