Is NFT's hype over?

[RealMalatesta]

NFTs becomes so stagnant this year to be honest especially those trending projects because of some sort of situation what they are facing after making so much hype in the space, wherein, that lead them to such situation and reason many people are scared to ride in until now because of some doubts.

So for me this isn't surprising.. And surely most of them will become alive again when they burn and minting because surely investors will take that opportunity as well since such event can help to have a good improvement in the project.

The stagnancy wasn't just in the NFT world though, it was in everywhere and that mainly caused the situation which I can totally understand. Imagine a situation where everyone would be making insane returns from the NFT world when the bitcoin price was stable, how would that look? That would be pretty unlikely wouldn't it? That is why I understand the situation and that is why I think that NFT prices staying put is not that weird, or even going down.

The bull period we had recently when the price moved from 38k levels to 48k levels was actually quite good for NFT as well, even though I dislike the way it is used, I get it and that is why I am sure that people hyped that as well.

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[Xal0lex]

It's too early to define the failure of this segment.

And why the failure? I was talking about the end of the hype, not failure. I'm not saying that NFT is a failure, but it was heavily littered with spam when everyone wanted to make easy money from the industry. Remember DeFi hype. In the beginning there also were a lot of meaningless tokens which only had the goal to make money from the HYIP. Now that the hype has passed, there are projects that have some real product instead of empty promises.

I think something similar will happen with NFT and only quality products will appear in this industry now.

[Jody.Drummer]

slowly they are now starting to fade but indeed this is based on the current market decline which indirectly makes NFT also experience a slight decline in hype and this makes them dim.
But maybe there is a glimmer of hope there depending on how they are going to be, whether there are big investors who will bring them back up or not because if they don't, I think they will be forgotten more and more and it's just a matter of time.

[Yogee]

.....
If we do comparisons of NFt trading with previous years than offcourse voulme is now low then before but at the same time some NFTs are sold for very high price. Some NFTs are bought by owners itself from other wallet just to make Hype and some are real.

Yes there's the case of buying own NFTs and I think that's more rampant in the early earlier days of NFTs as they try to attract people into this market. It's an unethical way of matketing but it did the job somehow. I believe what we're seeing right now are mostly actual purchases and so the hype remains. We're only talking about arts here and there are more in the NFT gaming.

[Xxmodded]

Every platform network have NFT's market place right now and I don't this with hype because still worth and have values with several NFT's, now days have popular with MOBOX NFT's listed on Binance exchange marketplace and I saw several my friend sold NFT's with fantastic value until $300 each NFT's. Still do not know when NFT's hype over because have several network actually with Solana NFT's values most expensive although some time have bad reputation with cheapest price. But looks NFT's still popular and worth but not getting trough purchase just check when have an airdrop distribution task to get NFT's.

[lornadane]

Maybe it's just the art of NFT hype that has started to be abandoned by humans, but in other positions such as the NFT game system, it is still popular and hype so people don't have to be afraid to buy NFT.
So far, the NFT hype is still alive because there are game systems that are still popular and are still widely used by people, so the NFT hype is increasing.
More and less that's what I know.

[KingsDen]

Maybe it's just the art of NFT hype that has started to be abandoned by humans, but in other positions such as the NFT game system, it is still popular and hype so people don't have to be afraid to buy NFT.
So far, the NFT hype is still alive because there are game systems that are still popular and are still widely used by people, so the NFT hype is increasing.
More and less that's what I know.

NFT hype is not fading away. I personally thought that before now NFT hype will be over. I am surprised it is not ended yet, instead it is gaining more popularity, especially in the gaming system. NFT is part of cryptocurrency that coincided with the world of art, so I don't think it will fade easily.
What has happened in the market of NFT is that low quality projects are gradually reducing.

[Little_Sister]

Many popular projects still support the survival of the NFT hype because they offer a marketplace for art lovers around the world with high trading volume, so the NFT trend will not fade even though now NFT is starting to decline due to many scam projects packaged in NFT.

[FairUser]

Every time the market goes up, news comes out driving people's behavior. Existing or existing trends are accompanied by hype, big or small. NFT is still a concept that not everyone understands, even me personally. Aside from trading NFT tokens earned on a few platforms, I still have not found a specific and easy application.

[doleannulet]

Judging by the latest news, I noticed that the interest of NFT industry leaves a double impression. On the one hand in the same March there was a drop in interest in NFT from retail traders and those interested in this direction of the crypto industry.

https://i.imgur.com/mxWw6b1.png

This is also reflected in the drop in trading volumes on OpenSea and a decrease in the number of searches on Google. That is, according to these factors we can conclude that the NFT haip is coming to an end. But on the other hand in March venture capital investments were mostly in the NFT projects.

What do you think, the NFT HYIP is over or the interest in investments in the NFT projects is due to the fact that now the market began to appear to a greater extent, high-quality projects, but not a mountain of spam, when NFT created everyone who is not lazy?

Move to earn with NFT is new trending??

[rodskee]

Judging by the latest news, I noticed that the interest of NFT industry leaves a double impression. On the one hand in the same March there was a drop in interest in NFT from retail traders and those interested in this direction of the crypto industry.

I think just like other great mover in the beginning this comes to an end again, and this proves me one thing that it is always Bitcoin is what can consistently increase year after year and not these kind of starter.

Imagine after gaining tons of support in investments in most of NFT projects ? now it seems like the support is finally over and the market of NFT is crashing day after day?

so I believe that it is, the NFT is over now .

[kaya11]

I don't think the hype is over. But I think it would continue but this time, at a slower and steady rate than before. And as mainstream adoption continues, it would pump

Or the opposite could happen where mass selling of NFT on lower prices will happen this coming weeks. Maybe people see that NFT's aren't good investments after all. I would rather convert those to Bitcoin as soon as possible if things go vague.

[Gayong88]

I don't think the hype is over. But I think it would continue but this time, at a slower and steady rate than before. And as mainstream adoption continues, it would pump

NFT is not as hyped as it is now. There are times when people will buy the same NFT in bulk and resell it at a higher price for a profit. However, now that the market is even developed, some "cheap" NFTs are missing. That's why there seems to be a decrease in the number of searches on Google and the volume of trading on OpenSea and especially regarding the ethereum gas fee, when traffic is high the gas fee can be very expensive if choice NFT Ethereum.

[BlockchainMentors]

Very insightful analysis! Due to the excess supply of NFTs in the recent times due to the hype in the market, the collectors and investor's demand for valuable and precious artworks has increased. In the short term, it may look that the market is going down but there can also be a possibility that now the community is focusing on quality over quantity which will really be fruitful for the development of metaverse in the future.

[Xal0lex]

NFT arts is still in its hype phase when you see some ordinary looking images sell for millions of dollars. Have you read about the women with long necks drawn by a 13-year old? She became a multi-millionaire because of that.

That viral video of Aftican men dancing while carrying a coffin on their shoulders was also sold for a million dollar.

The main wave of useless NFT pictures passes and only famous projects or NFT projects with backgrounds, like your example with dancing coffins, remain. Such NFTs will continue to appear, I do not claim that there will be no more events in the NFT field and there will not be large and expensive lots. There will be, undoubtedly. But it can hardly be called a hype. A hype is when a huge number of unique addresses rotate in the industry, when trading volumes grow, and when the minting of new tokens breaks all records. But the end of a HYIP does not mean that there should be no major releases in the market now.

[longyenthanh]

NFT arts is still in its hype phase when you see some ordinary looking images sell for millions of dollars. Have you read about the women with long necks drawn by a 13-year old? She became a multi-millionaire because of that.

That viral video of Aftican men dancing while carrying a coffin on their shoulders was also sold for a million dollar.

The main wave of useless NFT pictures passes and only famous projects or NFT projects with backgrounds, like your example with dancing coffins, remain. Such NFTs will continue to appear, I do not claim that there will be no more events in the NFT field and there will not be large and expensive lots. There will be, undoubtedly. But it can hardly be called a hype. A hype is when a huge number of unique addresses rotate in the industry, when trading volumes grow, and when the minting of new tokens breaks all records. But the end of a HYIP does not mean that there should be no major releases in the market now.

There is a problem with NFTs because they are unregulated at all.
If they manage to regulate them before there is hype on something similar, they will definitely be a very useful technology in many industries.
Unfortunately, there is a risk that it was only a temporary hype of investors, influencers and celebrities, and in a moment something more popular will appear and everyone will forget about the NFT.
In my opinion, the potential is very large, but it all depends on the development of new technologies and speed of regulations.

[tygeade]

NFT is not as hyped as it is now. There are times when people will buy the same NFT in bulk and resell it at a higher price for a profit. However, now that the market is even developed, some "cheap" NFTs are missing. That's why there seems to be a decrease in the number of searches on Google and the volume of trading on OpenSea and especially regarding the ethereum gas fee, when traffic is high the gas fee can be very expensive if choice NFT Ethereum.

It has been proven before that people use NFT collections in a way where they buy it themselves after releasing them, to make it look like it is hyped and then they end up getting a lot more for the remainder of it. Like for example they create 10k o some collection, and then buy 9k of them or over 200+ dollars, which makes the other 1k look like they worth at least 200 bucks as well and that in return causes people to spend 200k on that 1k just because they saw 9 thousand of them bought at 200+ dollars as well.

This is a simple trick and many people fall for it. These days rarely any -NFT project gets enough attention from people, mainly do not get any interest unless it is attached to some other already established one.

[Xal0lex]

Here's more on the subject of the end of the NFT hype. Nassim Taleb tweets that the NFT bubble will burst as a consequence of the Fed's rate hike.
https://twitter.com/nntaleb/status/1515343870787309579

As an example, he cites the sharp depreciation of the NFT token with the first Jack Dorsey tweet. A year ago that token was worth $2.9 million, and now it's going for 10 ETH at auction. That's about $30,000.
https://twitter.com/sinaEstavi/status/1515631008904880129

Not surprisingly, as the market enters a bearish phase, various questionable tokens start to lose dramatically in value, especially those with a rather tentative value. At NFT, value is not tied to capitalization, but solely to supply and demand. In times of economic slowdown, such assets don't find good demand due to the exorbitant inflated price caused by the hype of cryptocurrency and NFT in particular.

I believe that such a price deflation awaits all hyped NFTs, and most of the unknown NFTs will die altogether.

[Razanm90]

That's true the craze of NFTs between crypto community is getting less from the last couple of months because these days mostly people are preferring to invest their money in coins like Bitcoin, Ethereum and BNB etc. because in terms of utility these coins have much potentials compare to NFTs although I don't think the trend of NFTs will be over because there is a specific group of people in crypto industry who likes and encourage NFT projects.

I don't think that the NFT hype has died. It is just the beginning for NFT. But I admit that some of the NFT-based games are boring and garbage. Despite this, I am believing that will appear a fascinating game. I recently saw a post on Instagram about the project "reptile chronicles". Have you heard about this project? I am participating in their Discord server, the community of this project is friendly and nice. I decided to keep watching them. I hope that this game will not disappoint me.

[TopT3ns]

Every platform network have NFT's market place right now and I don't this with hype because still worth and have values with several NFT's, now days have popular with MOBOX NFT's listed on Binance exchange marketplace and I saw several my friend sold NFT's with fantastic value until $300 each NFT's. Still do not know when NFT's hype over because have several network actually with Solana NFT's values most expensive although some time have bad reputation with cheapest price. But looks NFT's still popular and worth but not getting trough purchase just check when have an airdrop distribution task to get NFT's.

Well, according to the usual predictions when hype occurs in cryptocurrency it will not last long and of course there will be a saturation point, where when the bitcoin price collapses it will make everything change instantly, market conditions have a more important influence on bitcoin prices. At least NFT can still have hope when developers provide good news that can trigger investors to buy their NFT.