It seems the market is getting back on track, with BTC in the green again. I've noticed that the market tends to turn green towards the weekend, but I'm still trying to figure out the reason behind that. With this new development, I've started exploring other projects, mostly NFT-based narratives like Memeland, Pixelmon, and Mocaverse.
These projects have been making waves, even though we thought NFT narratives were gone for good. Mocaverse, in particular, has caught my attention - it's a collection of 8,888 unique NFTs by Animoca Brands that connects people and projects in Web3, gaming, and entertainment. What are your thoughts on such projects? Have you checked out any NFT projects recently?
I do not think so, while crypto doesn't make sense to many people in the world, it is at least big and some people loved it. Whereas NFT is niche, and a lot of people, even people in the crypto world, sees that as childish and not really an investment. Having some coin is reasonable, or at least what people think, having some "image" that you own? That doesn't really make sense for them and that's the issue.
I think NFT will not make a comeback because it was already weak when it existed, a lot of people used it for money laundering or tax evading but that's about it, not a lot of retail investors kept an interest to it. This is why I think it's gone, and keep going lower and lower, eventually nobody will do anything about it.