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?
We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk on the current hype to ride to earn in snap. Thus its not surprising if NFTs are not ehat it used to be at this point.