Is NFT's hype over?

[AnonBitCoiner]

NFt hype down so much now but still some NFt has high price in market. Solona and Ethereum NFt are best so far while other Blockchain still working on that. Coinmarketcap also start issuing NFt for collected diamond. I think we may see big hype in future if it's used for Ticket and autograph etc.

[wiss19]

NFTs were never meant to be hyped and that is not the purpose why it's created The only reason why NFT was hyped last year was because of those arts and collectibles that are being sold at a ridiculuous price. Many people thought that it is a get rich quick scheme until bear season happened.

it doesn't matter if that hype will return or not. What I believe is that it will grow more in the future once more companies adopt to the web3 technology. Like in game industry, some popular game copanies are slowly transistioning to web3 technology that they are adding some blockchain aspects to their game where gamers can benefit from playing.

I agree with this. Nft's are different from a meme coin which is a real one that is hyped because meme coins are all the same, they don't have any special use case but nft's has an art, music, games and so much more. If we think about it, arts in real life are also expensive so why not arts in nft's? But of course, we are only talking about those legit arts and not those png/jpeg pictures that looks like they are only grabbed on the internet.

What we are paying here is the effort of the artist. If you want the technology to grow more then you should choose for the hype to come back as this helps attract people to get involved on it but those who are ignorant and are anti nft's will choose for the hype to not come back.

[inthelongrun]

I am not really sure about NFT arts and collections. But NFTs to be used in the gaming industry will continue and it will be the future either play to earn or not. Play-to-earn games with their NFTs are already showing some success although there is still a need for further studies in order to have longevity. Axie Infinity for example should have a fully decentralized blockchain and stop creating more coins when in reality their reward coins are already in an oversupply situation. Developers will play very crucial roles as greedy ones will only destroy their economy. Once destroyed it will be very hard to bounce back as players and investors will avoid it already and will look for new ones.   

[bitcoin-shark]

the nft market in my opinion is more alive and well than ever even if perhaps the trading volumes on opensea have decreased the nft remain an inexhaustible source of income you only need to know how to choose the right ones and know how to wait

[Stable090]

What affected nft hype is currently the dump in cryptocurrency market and I don’t think the hype can come back, I know a friend that minted 1 NFT at 1.5 sol, sol was around $100 after minting the nft pumped to 3 sol per nft  but sol price dumped to $43 which is bad because the amount he bought sol is down by half. Currently if a nft is minted it those not pump they way it use to pump when the market was still good.

[bitcoindusts]

Yes NFT hype is over.  You can see it at the history of NFT trades on CMC.  Besides you can also see that less and less is getting attractive to NFT, and many had been burned and is already disgusted of it.

[BitDane]

What affected nft hype is currently the dump in cryptocurrency market and I don’t think the hype can come back, I know a friend that minted 1 NFT at 1.5 sol, sol was around $100 after minting the nft pumped to 3 sol per nft  but sol price dumped to $43 which is bad because the amount he bought sol is down by half. Currently if a nft is minted it those not pump they way it use to pump when the market was still good.

No it isn't the bear market or dump that affected NFT.  NFT are overpriced stuff and some of them maybe a washed trade.  Meaning someone who is know to that person is buying his NFT at a very high price to make an intense HYPE and news about it  If you look at the previously sold NFT at million dollar price, as a person with fund, would you buy it at that price too?  I bet no.

Aside from that the integration of NFT to a Ponzi like game structure  under the guise of P2E do a lot of damage to NFT market.

[posi]

Still a lot of artist continuously creating NFT.  So, I think the NFT hype is not over yet. It is just temporary because of market condition that's why the demand for it suddenly decreasing. Also NFT's are lack of usecase and only those people who love arts and understand it will patronize such NFT arts.

Not only famous artists are constantly creating NFT but also big companies are starting to enter this NFT field, so saying the hype of NFT is over is incorrect. In a bear market like the present, neither NFT nor topcoins can avoid dumping, so we cannot rush to conclude whether the NFT is over. I believe NFT will continue to be used and its hype will return soon when the bull market comes, maybe it won't be overblown but there will still be a lot of NFT projects going on and developing.

[serjent05]

Still a lot of artist continuously creating NFT.  So, I think the NFT hype is not over yet. It is just temporary because of market condition that's why the demand for it suddenly decreasing. Also NFT's are lack of usecase and only those people who love arts and understand it will patronize such NFT arts.

Not only famous artists are constantly creating NFT but also big companies are starting to enter this NFT field, so saying the hype of NFT is over is incorrect. In a bear market like the present, neither NFT nor topcoins can avoid dumping, so we cannot rush to conclude whether the NFT is over. I believe NFT will continue to be used and its hype will return soon when the bull market comes, maybe it won't be overblown but there will still be a lot of NFT projects going on and developing.

I think that these companies had planned this NFT integration when NFT hype is at its peak.  and released it just now.  I do not think that NFT hype is as strong as before, I think it is already gone now.  NfT will continue yes, but I do not think that it will regain its hype just like before.  The company is just doing this NFT stuff just to follow the trend.

[Ahli38]

hyper NFT has indeed subsided. but today I see a lot of adoption of NFT in all fields. even in every new altcoin project there is always an NFT project in it. so NFT has now entered into all industrial fields as well. and this is a positive thing. but again I emphasize. that NFT is more suitable for collections and hobbies. and is not recommended as a place of investment.
in january there may be many investors who are interested in NFT so that the monthly volume of NFT has increased tremendously. even NFT is at its peak. but after that interest in NFT decreased steadily. and even from the data taken in May we can see in the image below. that the monthly volume of NFT has decreased by almost 75%. but of course this is because of the global economic crisis situation. and this decline occurred not only in NFT but in various other sectors including Crypto and stocks.

Sourch:
www.theblockcrypto.com

and if you look at people's interest in NFT, you also see a lot of decline. we can see this from the data from the NFT search keywords on google. Even if the decline is seen from January to May, it can be said that the decline has reached 74% as shown in the image below.

Sourch : Google Trends

[Luffygroove]

I think generally people lose their interest because of first, the market condition that is generally down. So, actually, it's not only NFT but people lose interest in crypto in general. Second. because of the hype, so many people spamming the NFT market, OpenSea for example, with "useless" artworks which don't have any further utilities except decoration and a form of appreciation to the artists. However, big investors are still hoping apparently, that NFT will have real utilities in certain aspects of life like games, retail industries, etc so I also still have hope regarding the NFTS industry growth when the market condition restored

[crunck]

I think generally people lose their interest because of first, the market condition that is generally down. So, actually, it's not only NFT but people lose interest in crypto in general. Second. because of the hype, so many people spamming the NFT market, OpenSea for example, with "useless" artworks which don't have any further utilities except decoration and a form of appreciation to the artists. However, big investors are still hoping apparently, that NFT will have real utilities in certain aspects of life like games, retail industries, etc so I also still have hope regarding the NFTS industry growth when the market condition restored

I totally agree with you, it seems like none of the tokens are doing well during the bear season so it's normal for NFT to have no hype during this time. Corporations, the company is still investing in NFT so it can't be said to be dead, things are still unclear, let's wait until the bear season is over to see who will stay and who will leave.

[BobK71]

Last year we recognize hype in the NFT market as the market was bullish at that time. There was a positive perception of NFTs in various place but when the market turned bearish the hype get down. But it will rise again soon. Although some scam projects with NFT spread negative impact, many believe that NFT will occupy a big place in the next phase of technology.

[Pandu Geddon]

The hype was overwhelming at the start of the year. NFT market value is growing very fast. but as we see today. all also gradually began to fuse.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.

[BuNga_cute]

The hype was overwhelming at the start of the year. NFT market value is growing very fast. but as we see today. all also gradually began to fuse.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.

Don't let all the prices of NFT projects go down, let us be pessimistic that NFT will not recover again. Even now, the price of top coins has
dropped drastically, so it's only natural that the price of NFT projects will drop too. But it's too early to conclude that NFT will end,
I think NFT and Metaverse are new trends in the crypto world that are hype in 2021. Then because in 2022 there is a bear market,
hence making all NFT projects price drop very deep. However, it must be admitted that the risk of investing in NFT is indeed quite high,
although NFT is a new trend, it does not mean it is safe to buy. When compared to top coins, I recommend investing in top coins now.
So if we really want to buy NFT when the price is cheap, make sure we do some research and analysis first, so that we do not choose
the wrong projects for investment. I still believe NFT projects will hype again when the bull market comes, Therefore, if we want to buy NFT,
we can buy it at the current price and choose a potential NFT by doing research and analysis.

[Jatiluhung]

My view regarding everyone's declining interest in NFT is that the economic situation and conditions are deteriorating. So that many NFT collectors sell their NFT collections.

and the decrease in volume was caused by following the current market flow. namely throughout the cryptocurrency field itself there has been a lot of decline since January. so it's natural that NFT was dragged along too. the hype is over but the NFT world seems to be getting more positive. so the next hype will surely come when all markets recover.

[Xal0lex]

The hype was overwhelming at the start of the year. NFT market value is growing very fast. but as we see today. all also gradually began to fuse.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.

Sometimes the NFT market comes back to life when looking at specific blockchains. I often see, for example, a surge in trading volumes on Avalance or Solana. But it's still a long way from last year's billion-dollar trading volumes. The interest in such assets has clearly decreased now, because in a bear market, most people are trying to withdraw liquidity, not the other way around. Occasionally, there are some small plunges that inflate token prices by 10-20 times, but they are very rare. In general, if you compare with the past activity in this area, I would even say that the hype around NFT at the moment has finally died down.

[Victorik]

I don't think the hype is over. I believe the bad market situation is equally affecting NFTs as well.
Having said that, I also think people are beginning to lose interest in it. I for one do not really understand why I should be buying a picture for an outrageous price, couple with the fact that some person have a lot of NFT they have minted and yet, they can sell.

So, this is also making the hype die down Abit.

[omen art collective]

pfp hype is over - utility, real art and A.I. is moving into NFT space.

[Grim149x]

for now the nft's is hype over because of the down market but ithink soon it will hype again if the market will like bull again. lets wait what is the n2xt hype after the bear market and bullrun is come