I do not see that NFT hype is over. During the NFT hype NFT was most lost for speculations. People only bought NFT to see them for bigger price and make money on speculation. But the market falled and the price of NFT falled too. To have any stable price or grow in price NFT must be useful. It must be able to use not only in speculations.

Not all people win in speculations. Most people lose their money at all. And it is necessary to remember it.