NFT was the talk of 2021. Now if we look at floor prices for all popular collections
https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
This was a disaster in the making for a long time, investors were putting their money in NFTs as if they were as good as bitcoin, and that is simply not the case, NFTs must never be held for the long term and at best you can speculate with them, however it can be argued that even that is not a good thing, since it is impossible to know the fair price of NFTs when their market is always going through a massive amount of manipulation, so I am not surprised that with the current drop we are experiencing things are not looking good for them.