If am not mistaken, I know how NFT was booming in the crypto industry in the year 2022 their about, and considering all the hypes about it, I initially thought that by now, most NFT would be competing with most of these top crypto asset, but fast forward from that time to now, you can bearly hear of NFT in the crypto market, or is that they were over hyped, or it was just a means to make money then?
I don't really knows what happens to the NFT market but I am just curious to the stunt in growth of NFT and what really happens.
The whole idea of NFT was stupid from the very beginning. Those who were able to ride the tide, made some money but most of the other people lost money. It was a form of pure gambling. I am glad that it's dead now.
No, I disagree with your statement I made bold in your write up here, I don't necessarily think the whole idea of NFT was stupid, the only problem I have with it then was that they were overpriced and over hyped, aside that they aren't that bad, and yes, you are actually right, most Investors gambled on it and they made a fortune while some loss a very huge amount of money just as the case of most meme coin today, but my feeling about it is that due to the fact that most investors has seen that it has no longer term potential like Bitcoin, they have decided not to risk their money any longer since they lives on hypes alone.