Is NFT's hype over?

[Tokenista]

The Hype is probably dying down, but there will be survivors, like the Pokemon of Blockchain, it started with CryptoKitties, and eventually there will be full blown games developed on Blockchain as with PGL but with much more genres, and that will drive like WAX Platform sales, and there will likely be Developer Hubs where games are made all day, and parts are Sold to put it together like a 3D Design Market. I think Game characters are called Sprites, this will be developed more, and things like Houses, Cars, Jewelry, Museum and Auction Pieces, with NFT Certificates and Previews, for Buyers to look at before purchase, and for them to show their Wares safely in NFT form.

[WalkerIVIV]

now NFT is starting to decline due to many scam projects packaged in NFT.

Bitcoin dump
Market sentiment
New trend that was coming from the play to earn

There are more reasons why NFT hype is over but again this is still too far to be true. In my opinion that if you need to analyze how the crypto market is going on right now. The hype is starting to decline when the bearish market already started when bitcoin dumped from the 60k to the 30k due to the war fear that started last year. This will still going on until everything will go back to the before the war news came.

[Cling18]

I believe, yes, the  NFT hype is fading simply because investors already know how it works. It's only worth investing in the beginning and most NFT projects in the past didn't survive. People find it too risky now to choose NFT over well-established coins. It would be  better to risk on well-trusted coins than on projects without any concrete plan.

[abel1337]

now NFT is starting to decline due to many scam projects packaged in NFT.

Bitcoin dump
Market sentiment
New trend that was coming from the play to earn

There are more reasons why NFT hype is over but again this is still too far to be true. In my opinion that if you need to analyze how the crypto market is going on right now. The hype is starting to decline when the bearish market already started when bitcoin dumped from the 60k to the 30k due to the war fear that started last year. This will still going on until everything will go back to the before the war news came.

NFT's experienced bear market before and it seems that the crypto market situation greatly affects the NFT market. Many are taking profit and getting some momentum on entering the market again when they feel it is recovering. Also NFT projects with weak foundations are being abandoned at this time, I just noticed it.

[Vatimins]

     The thing that may be causing this slight decline in terms of interests about NFTs is the current market conditions which is bad and got worse many days after you created this thread. Another factor maybe unawareness of other NFT markets other than opensea which offers a wide variety of good NFTs as well and has much cheaper prices and fees due to the low fees that are required for every transaction. Still though, my twitter notifs still continue to explode due to NFT related tweets and retweets. I guess the drop on interest isn't really that drastic.

[IIrik11]

no idea if the hype is dying down but i have a friend who does digital art and she is selling shit ton of nft art every month.

last year her profit was about 8 lakhs inr which is equivalent to 10385 usd and this year she says she's easily going to double that amount.

i for one have don't really understand what they are or what their use is or why people are so keen on buying them and i have no intentions of finding out.

[funteki]

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.

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. Those NFt project which has strong Use case and profitable in future is only I think will remain for long time like Moonsuma,StepN and many other projects.

my opinion is that now start hype p2e nft, not long ago I saw one project on the forum (if you are interested in the name of the project its reptile chronicles), I join their discord, and there was some kind of role play, I haven’t seen such an active number of people in nft discords for a long time, so I think that the hype is not quite over, but rather goes to another level, because of the game i think hype will be longer, so im looking on this more like on long term investments

[RealMalatesta]

     The thing that may be causing this slight decline in terms of interests about NFTs is the current market conditions which is bad and got worse many days after you created this thread. Another factor maybe unawareness of other NFT markets other than opensea which offers a wide variety of good NFTs as well and has much cheaper prices and fees due to the low fees that are required for every transaction. Still though, my twitter notifs still continue to explode due to NFT related tweets and retweets. I guess the drop on interest isn't really that drastic.

I would guess that mocking is a part of it as well. People who invest into NFT do not get the point of it, and see it as just an investment and that’s a whole another world, and a big majority of the crypto world as well.

I would definitely consider buying an NFT if there is an important artist that painted something, either by hand or digitally and if I want to own a piece of art by that artist then I would be willing to buy it not because I love NFT or anything, but because I would like to own an art by that famous artist. However, if you create 10k different versions of the same ape, then I am sorry but that has no artistic value and that caused it to go down, because NFT's from famous people and artists are still up and valuable but all those shitty ape things will of course go down and lose hype.

[popeye95]

     The thing that may be causing this slight decline in terms of interests about NFTs is the current market conditions which is bad and got worse many days after you created this thread. Another factor maybe unawareness of other NFT markets other than opensea which offers a wide variety of good NFTs as well and has much cheaper prices and fees due to the low fees that are required for every transaction. Still though, my twitter notifs still continue to explode due to NFT related tweets and retweets. I guess the drop on interest isn't really that drastic.

I would guess that mocking is a part of it as well. People who invest into NFT do not get the point of it, and see it as just an investment and that’s a whole another world, and a big majority of the crypto world as well.

I would definitely consider buying an NFT if there is an important artist that painted something, either by hand or digitally and if I want to own a piece of art by that artist then I would be willing to buy it not because I love NFT or anything, but because I would like to own an art by that famous artist. However, if you create 10k different versions of the same ape, then I am sorry but that has no artistic value and that caused it to go down, because NFT's from famous people and artists are still up and valuable but all those shitty ape things will of course go down and lose hype.

You're right about the difference between the trash NFT, which exists only to make money from you, and the real NFT, made by famous and well-known artists in a limited number. But not every well-known artist truly follows that standard, they could do NFT under 'a limited number' to create artificial scarcity to trick you into thinking it was worth it. The hype around NFTs is about everyone thought they could dump their NFTs to the next one with a higher price, a net gain from their initial investment on the things. The 'line keep going up' mentality.

[DevFile90]

It's better to hunt for we'll established coins instead of looking for NFTs right now, the liquidity of NFTs is dropping and buyers are in a fear state, things will look more ugly once BTC keeps drowning even more and more, I believe this is just be beginning of the so-called bear market.

[fzkto]

The NFT hype is long over. I think it won't be long before punk or monkey owners realise they have been cheated, as was the case with ICO in 2017 or IDO in 2019. Every year there is a new hype. Right now it was DeFi and NFT which will eventually lose value. After that, people will use the new casino. and the main thing in this story is that no one learns anything.

[Mozzart]

The NFT hype is long over. I think it won't be long before punk or monkey owners realise they have been cheated, as was the case with ICO in 2017 or IDO in 2019. Every year there is a new hype. Right now it was DeFi and NFT which will eventually lose value. After that, people will use the new casino. and the main thing in this story is that no one learns anything.

Yes, friend, it's a vicious circle. For me, this whole hype around NFT was generally surprising. But, people will always look for some easy ways to make money.

[newdevices]

I think NFT is still early to be said to end, indeed many altcoins and NFTs are currently experiencing dumps,
and all because of the price of Bitcoin which is also a dump, Bitcoin Dump --> Altcoin dump,
that's the cycle, and don't worry about NFT, I'm sure NFT isn't over yet

[prosperoustop]

I think that NFT its our future reality, I was at exhibition of NFT on Amsterdam, it is modern ART, a lot of people interested of it!

[lalabotax]

In my opinion, the hype seems like decreasing compared with several months ago. I remember when there was a very booming and hype NFT in my country, that's Gozali NFT, everywhere, we can find the discussion and also talking aboutNFT. Moreover, people who don't know about NFT and crypto also talk about NFT.
We can also find many threads and discussions about NFT in this forum and also in some other platforms. But right now, the discussion seems like decreasing.

[Lagduf]

I guess it’s just the effect of the bearish market that has greatly impact most of the people’s investment portfolio after all, we are already down more than 50% so I guess most of NFT related activities are being halted so that they gonna waits the market to get better first.

although the recent news in regard of NFT being considered in instagram and twitter platform could definitely keeps away the word “over” from NFT’s trend, in the future maybe once the bullish market has finally come over again we gonna see more increased volume activities of NFT and maybe that gonna be a significant increase, the current circumstance is just too hard to deal with hustle like NFT and the likes.

[inanilujimi]

In my opinion, the hype seems like decreasing compared with several months ago. I remember when there was a very booming and hype NFT in my country, that's Gozali NFT, everywhere, we can find the discussion and also talking aboutNFT. Moreover, people who don't know about NFT and crypto also talk about NFT.
We can also find many threads and discussions about NFT in this forum and also in some other platforms. But right now, the discussion seems like decreasing.

If for high quality nft it will not fade like gozali's NFT, many NFTs now have useful uses even though at high prices there are still enthusiasts to have them, I believe nft will continue to get hype if it has high quality qualifications.

[mont_peace]

The hype will always be!!
Want to invest in NFTs but still don't know which one to buy? There are many different types of NFTs on Eizper Chain. By getting Eizper Chain NFT, you can get more in-game benefits!  Isn't that great?

[TheUltraElite]

I think that NFT its our future reality, I was at exhibition of NFT on Amsterdam, it is modern ART, a lot of people interested of it!

Thanks but I will pass on the pixel art and random marijuana-induced pipe dream drawings that some weedlovers have been making hoping to get enough cash to reload their dump of weed.

The hype indeed has slowed down, this is seen from the social media and the news outlets that were full of NFT based news at one time in the last few months and to a total silence currently on the mainstream ones.

There might gradual upstrokes in the chart that OP has sent, with niche users trying to get mainstream attention. Currently NFT is a niche trend and being used to milk out residual "milk" from stubborn investors who think this is going to be big.

[NewRanger]

today NFT project shifted to move to earn concept , which only by walking we will got token . alot people interested with concept ,maybe alot people outside crypto community will try this games. maybe if bitcoin still hold and not hardcrash like current condition , maybe project that build this move to earn will lead market bullish movement. but today most of altcoin drop more than 50%. it is very sad but we could not avoid it