Re: The rise and fall of NFTs.

Who knows. The thing is that almost no one even tried to explore possible benefits. The vast majority of art-related NFT efforts assumed that throwing NFT on some random piece of of art will magically create something like ownership, fully ignoring that, no matter whether you're talking about fungible or non-fungible, a blockchain won't solve your counterparty risks.

Some are already exploring the benefits though, through ownership and airdrop identification, most of the NFT that still has value also has underlying use, to access certain community and to be eligible into a project.
Almost all of NFT which value purely derived from the value of the "art" are already going to zero.

Yes, there are interesting mechanisms being explored. Just saying most art-related NFTs seem to forget that. To be interesting, NFT-based art should not only use the blockchain as a vehicle to try to capitalize art from other media, but should embrace the medium (blockchain / NFT) itself (see Reichert, 2021 for a more in-depth exploration of that matter).

On a more general note, many NFT-related efforts are based on PoS blockchains, posing an inherent centralization risk. In the worst case, there is no huge benefit compared to openly centralized tokens.

Whenever you do decided to step your foot into this market then the primary thing that you should be that considering is on the risks involved about it. Always put up into your mind that once hype is gone or lets say the community support then expect that everything would go to the ground. I do remember up into those years that even just that putting up your own picture and making up some pixelated effect can be placed up on the marketplace with some value then someone would be buying it and once it do make out some hype then the price goes in the roof and same goes when the interest and hype is gone then it would drop. Now that NFT hype is gone then its not shocking that majority or lets say all of those shit picture or any NFT out there dropped its price into the floor. We are now on a new trend on which its not that shocking anymore that there will be something that would be replacing into that current trend.

Feel sorry for those who had been burned up by their crypto investment on NFT's on which some people been saying or here comes a time that we do even speculate that it is part of some money laundering thing on which its not that also an impossible thing or lets say its probable but since it hadnt been that proven out then it do remains speculative. In regarding about into other trend out there or lets say on the present then it wont be that totally be that different and this is why as an investor then you should be that careful on what you are that dealing into and always consider about risks management and always invest into the amount on which you can afford to lose so that if ever the market becomes shit then you wont be ending up on being totally blown up with the money that you had invested.

Most coverage on NFTs around pictures could be boiled down to: Someone paid $someamount for this, but we can't explain why. I don't feel too sorry about people taking such thin statements as an incentive to pour money therein. Before buying, understand what you buy. I do feel sorry about all the wasted chances to fill all the vapor with some substance.