I am really glad that, NFT market and hype both have died down. It was a pure form of scam and nothing else. Also it had become a playground of the money laundering cartels. So I hope it never comes back in its former glory.
You can still use it for money laundering, you don't need even need any users to participate but obviously it is better if they do. You can do the same with tokens. I wonder if this was one of the reasons why we saw so many of both things being created in recent times?Right now, anyone can flood the market with NFT and list them for free. A digital image cannot create real value. I am happy that finally people have started understanding it and staying away from it.
This is wrong. A digital image can create real value. Just because you don't value it, that doesn't mean someone else doesn't. Just because you can create a copy of the picture, you still do not own the NFT. You can't copy the NFT, no matter what you do. It would be like saying that you can copy dogecoin by making another chain with the same name and picture and then give yourself coins. You have coins called dogecoin in that case, but they are not the real thing. 