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.
Same fate what happen to ICO's before on where its good only at first but suddenly subside then almost died in long run.
The contributing factor on why the fame of NFT collapse is due to scams and undelivered promises of revolutionary things on tech side. Most of devs who newly join are scam and it tarnished the reputation of NFT's that's why there's almost no people believes on it anymore that's the reason why we see some decline. But if there's great changes and big name on some industry will join on NFT scene then maybe there's some changes happen and NFT will get some good hype again.