Quote from: Luzin on July 15, 2022, 04:45:24 PM

It seems that many people are unsure about the future of NFT. I'm also not interested in NFT. Even now, NFT which has a useful price has also fallen by 90%. I don't know it's because the market is bad or indeed NFT is getting less and less desirable.

It is because NFTs are overpriced. Aside from that the economic model of NFTs mimics the Ponzi-like schemes. Since NFT has no real-life usage, they just rely on the next buyer who will get it at a higher price. Since there is not much demand, the market will normally crash just like on the graph.

Quote from: Cling18 on Today at 05:35:32 PM

NFTs aren't strong enough to deal with this season. Some developing projects paused for a while and will just resume launching when the market recovers. The hype of NFTs isn't active anymore and it's hardly affected by the bearish market. I guess the time for NFTs will continue to boom in the future but it needs time and investing in it in this bear market won't be a wise idea.

I think the hype of NFTs is long gone now. People are also aware that there is more risk than profit in this industry so many are avoiding this market to avoid unnecessary losses.