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.
With the existence of other superior tokens like Bitcoin and it's relevance, it's become nearly impossible for Non Fungible Token (NFT) to be a substantial investment as most NFT do not have strong backing or funding to boom. Over the years, there have being potential NFT that has made several people millionaires and others which value has failed to rise but rather decrease due to external factors. I believe everything has its season and once exhausted, other means of making profits are established. The market currently has not being favourable with the recent swing lows and NFT s are not on the other end of profit making so not even a threat to Bitcoin's dominance.