Yes, it is easier for the scam to happen with NFT projects that were initially based only on hype and then abandoned.
The success of NFTs is also due to the artists who made them so that their marketability will be better and investors will believe that it will last for the long term,
but that will not guarantee either.
A 12-year-old boy, Benjamin Ahmet, created an NFT that made him millions of dollars easily.
this became a craze when NFT hype, but now all NFTs are on the decline and some are abandoned.
https://nftnow.com/features/meet-the-12-year-old-coder-whose-nfts-earned-him-more-than-5-million/
The success of NFTs is also due to the artists who made them so that their marketability will be better and investors will believe that it will last for the long term,
but that will not guarantee either.
A 12-year-old boy, Benjamin Ahmet, created an NFT that made him millions of dollars easily.
this became a craze when NFT hype, but now all NFTs are on the decline and some are abandoned.
https://nftnow.com/features/meet-the-12-year-old-coder-whose-nfts-earned-him-more-than-5-million/
NFTs were always garbage. I mean, what use cases do they have? Most of the so-called digital art are simply copies of JPEGs obtained from the web. The ones winning were creators, while buyers ended up losing big time. Especially after NFT creators decided to "pull the plug". The main issue was that NFT content (data) was stored on centralized servers. Blockchains only served as proof of ownership for an specific NFT. They didn't store the data itself.
Without immutability, your NFT collections won't survive for generations. There are already solutions for this (Arweave and IPFS), but developers/creators haven't used them yet. We can say "meme" coins have taken the same path as NFTs, as they end up being abandoned by the devs after the hype ends. The crypto industry is more speculative than it was in its early days. Don't expect things to improve in the future, though. The days of quality-oriented crypto projects are over (except for Bitcoin and Ethereum). Why would anyone take the revolution seriously?
