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?
The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.
NFT and metaverses have been so hot last year but never does it say they are the reason for such Bullrun, they just contributed some of it. But now, these two (NFT and Metaverses) have been cold already, in fact, just only a few people talk about them and I'm not sure if these people are buying them or not.
Well, maybe you are right that they will die but sadly just to see that they were very close to that. Investors have never seen any assurance from them, they are shitcoins, and that's why they have been ignored by now.
If they want to survive they will need to change substantially in order to recover the trust from investors, during the previous bull run icos were the ones that were at the center of the attention of the market, however due to the huge number of scams they lost the trust from the community and they eventually evolved to ieos which also got a lot of attention back then, however now any coin which is nothing more but an ico has a lot of problems to raise any capital, so we may see something similar in the NFT market.