I'm here for quite a while and I have seen all kind of hypes. First, it was Nxt, stacking and PoS concept, then it was Eth and the Dao. Defi and the NFTs have made their stay while the Metaverse is being painted as the next "big thing". Well, I find Defi to be quite an innovation whereas, for NFTs, I already have NFTs since 2014 on the counterparty network which is like, dead. Back in those days, a bunch of wild geese burned their money investing into these projects but they were just unfinished or abandoned\ rug pull projects that never made it. That is a bit of how I see the NFT industry today. A lot of hype and too few good projects. IMO the background is different but the act is the same. While about 95% of all these new coins\tokens will not survive the "cryptowinter" others will come out as winners.
Now, with the metaverse hype, a lot of tokens have been inflated up to mindless prices as is the case of Illuvium. What do you guys think about these "overhypes"?
I share your point of view that shit coins and the majority of NFT-projects are unlikely to survive the "crypto winter". The thing is that people take NFTs as entertainment so they don't see real use-cases of them. Nevertheless, DAOs can be used for solving different real problems of business and management, so projects with good fundamentals are more likely to survive than NFTs.