Quote from: nyashenka on July 08, 2023, 07:02:38 AM

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.

I have different vision. I think that NFT hype is over. Like every hype in crypto industry - it lasts for a year, maybe a bit longer maximum. Why do you think that hype isnt over? I see no loud articles in media about NFT, I see no scandals or scams connected with NFTs. People tried to restart NFT hype, when we had news that NFT now are on Bitcoin blockchain. This fact indeed worried a lot of people, as it made blockchain transactions cost more, but right now, one or two month has already passed and only few people remember about it.

The problem of NFTs was that it is easy to buy it, but it is hard to find a buyer. Now people have bought NFTs, and dont know how to sell it. They froze their money and have to wait and observe how values of their NFT go down (and yes, NFT prices went down heavily) or how inflation slowly kills their investment.