Is NFT's hype over?

[john1010]

NFT is 100% hype, that's my opinion about that, well, I will further explain why, at 1st why hell this piece of graphic materials has a value where anyone who has the ability to use some graphic software to design some creep images or whatever they want, then suddenly using some blockchain technic then viola! The graphic content has value.. I do remember when it was started, we all know that some rich people bought some of the digital images worth millions of dollars, but I don't if it is real or part of their agenda to catch the attention of the crypto community, and suddenly the NFT matter boom and so many developers ride on that waves, even games use that trend and create some games that no one will know if what's really happen when they play it because you can only saw the result if you are win or lose and that is the day when NFT began,, But today people are now awake, and I see it as an eye opener to everyone, For me, the real crypto has something to offer not the digital content.

[Review Master]

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

Actually nft's hype isn't over yet or slowed down, just trading volume is dumped because of recent incident with benddao - nft staking lending platofrm. However we likely overcome another big incident which could create huge dump in market like 3AC or Celsius incident. TBH, many new nft projects is having great sale in current time and just need to dyor before jumping into those as scammers will increase in the bear market.

[sulendra12]

It's over, most of the new NFTs out there are exploded in first few days or even weeks if lucky. But after that they are falling over to the ground and losing the price compared to the mint price which is pretty understandable.

Most of the people either the collectors and creators of the NFTs out there, they don't even know what is NFT or even crypto works in the first place and jump into it without learning it. Hence why it's falling over, NFTs are the easiest thing for norm to jump into especially most of the influencers are hyping over this stuff.

[abralzain17]

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.

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?

I think the increasing interest in Nft and being popular like a while ago is very influential from the work it produces, if the work can attract investors then I think for now and in the future it will continue to be popular and become a token that is taken into account in the market. I think the Hype for Nft isn't over yet, it's just that the market conditions are not normal. I think like that

[Munir575]

What makes you believe that if you work on multiple exciting projects, the buzz is still alive? New NFT ventures can still launch after a hype cycle has passed. A hype suggests an influx of projects that follow a trend. For instance, the DeFi craze ceased two years ago, yet projects have appeared and will continue to exist. Only now are these projects more sensible and superior to those that first surfaced during the hype, when the market was overrun with a profusion of frauds, duds, and knockoffs. With NFT, the same thing is taking place.

[trendcoin]

I think NFT is a questionable area... You know that in real life some artworks find buyers at exorbitant prices. We all know that such events are actually a dirty money exchange. NFTs have a similar problem... But no matter what, NFTs will continue to be used in GameFI systems, land registry and cadastral planning, supply chain and logistics services, and other products for which we can specify ownership. I think NFTs will one day provide very important services in real-life usage areas. We will not give up using trains just because they made weapons out of iron. :)

Also, if you want to check out more statistics about NFTs, you can visit https://www.theblock.co/data/nft-non-fungible-tokens/nft-overview

https://www.theblock.co/data/nft-non-fungible-tokens/nft-overview/weekly-trade-volume-of-nfts

[Mahanton]

Some links about this matter
https://www.digitalmusicnews.com/2022/09/06/opensea-nft-marketplace-trade-volume-september-2022/?fbclid=IwAR1b0uyTRMkroT5TuYHoH71OkbNgc0pKmJ0knjSlHgH7erfIOGFRsOUSd5I

NFT Marketplace OpenSea Is In Trouble – Trade Volume Down 99% Since May 1 Peak

We can say indeed the hype is over + Bear market condition then 99% isnt surprising.
Wondering on what would be the next trend next to nft? Guess what?

[Rikjaims]

Let's give credit where credit is due, no matter how diligent the community is, there wouldn't be so many custom locations models if Dreem hadn't put so much work into the editor.

[Abiky]

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.

The bear market has decreased demand for NFTs, but that doesn't mean the hype is over. Last time I've read, companies like Coca-Cola and Disney started publishing NFTs of their own on the Polygon (MATIC) chain. This tell us there's still interest in the NFT space among investors, companies, individuals, and traders alike. With how quickly prices have fallen, NFTs that were once expensive in Fiat terms are now being sold at a bargain.

ETH has low gas fees right now, so why not go ahead and buy your favorite NFTs before everything goes back up again? A lot of money is still being poured into NFTs, so it's unlikely they'll disappear anytime soon. Just my thoughts

[kev1uk]

Don't know how DREEM did it, but even in the beta there are a huge bunch of people there. I literally just created my virtual space and a couple of dudes joined in right away. I didn't even think I'd get so much fun out of it.

[sayaya17]

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I think the increasing interest in Nft and being popular like a while ago is very influential from the work it produces, if the work can attract investors then I think for now and in the future it will continue to be popular and become a token that is taken into account in the market. I think the Hype for Nft isn't over yet, it's just that the market conditions are not normal. I think like that

Although the hype of NFT has dropped a lot since 2021, it cannot be asserted that its hype has disappeared, the market is in a bear season and that is the general state of the entire crypto market.

Now that top brands continue to invest in the NFT sector shows that the NFT hype isn't over yet, one of the leading technology companies like samsung, samsung has partnered with Theta Labs, to build the NFT ecosystem for its new phone model. And many big players from different industries are investing in NFT. NFT still has a very strong pull and it is still part of the future of crypto.

I am also among those who still believe that NFT will return to hype again, because it seems that the demand for NFT it is still quite high.
There are still many people who believe in Metaverse and NFT is still not over, if a bull market comes, NFT will likely hype again. Instead of
taking the risk of investing in meme coins, I prefer to invest in NFT. Because I believe NFT will still be a trend for the next few years.
Although my main focus is still investing in top coins, but I set aside about 15% of my capital for investment in NFT. I believe NFT will give me
a satisfactory profit, because as you said several companies in the technology sector invest in NFT. So that makes me even more optimistic that
NFT will get back into the hype again, but really no one knows when that will happen. So we really have to be patient holding NFT until
the market recovers and the bull market comes.

[Kaplusha0]

When it comes to nft, I prefer those nfts that can do some good and have fundamentals underneath them.
I can recommend Amulet Protocol, it is a decentralized risk protection protocol for the Rust-based ecosystem initially deployed on Solana.
Amulet NFTs for great perks like Staking Bonus, Higher Token Sale Cap, Airdrop Bonus, Vesting Bonus and most importantly, policy discounts up to 15%!
Such NFTs will be very much in demand, because they are not just beautiful pictures, and an asset that brings and saves money.

[capedbaldy]

snip

Maybe the NFT hype isn't over yet but it's hard to be sure of that, because anything related to NFT has fallen in price and volume, many NFT investors have already suffered high losses due to the influence of the hype, but even if the NFT hype returns but won't get support from the crypto community because high risk of loss and it is better to choose to invest in top coins.

[Stella Mese]

too bad NFT seems could hardly getting famous again, considering so many has considered NFT as useless due to the fact that many have lost their investments in the recents nft arts trend, even though nft actually has so many use case it's just that most people are getting too focused in something like nft art which is very useless, i think the only ones that could save nft is blockchain gaming since they are the ones that atleast gives utility towards nft in most cases.

totally agree with you. but a hype does always end like this. the fact is that many people buy nft art that they don't know and are not interested in. but they buy only hoping to make a profit. in the end they are a lot of losers and leave the NFT market. and the hype is over. but the hype can come back when the bullrun returns. but I'm only interested in Game-based NFT. like Buying a Hero (nft) in a game has its uses and we as players need it. so NFT is very suitable in the gaming industry.

[Editbar]

NFTs are extremely down bad more down bad than me right now if you can believe that obviously I'm just kidding guys but many nft collections have seen over a 90-plus correction to the downside so people are going crazy and a lot of people are down in their crypto and nfts portfolio which makes a lot of sense so an important thing to note is that the nft market is much more different now than it was just a couple of months ago many people were making thousands and thousands of dollars on monkey pictures and it was crazy you could close your eyes and gamble on nfts and you'd probably come out with a profit however now that just isn't the case people are having a much harder time making money in the current market simply because not a lot of people are buying nfts right

[Ben Barubal]

   It's been a few months since NFT became a hot topic in the world of the metaverse here in the cryptocurrency industry. What has made its

noise recently can now be said that it is no longer so noisy and talked about on the social media platform? Although there are still some people

working on projects related to NFT it's not as hotly debated anymore, based on my research here in the crypto world. That's why we can see in

the illustration graph that his ratings have fallen almost to the market.

[nutildah]

You can simply check recent OpenSea sales volume to know exactly how wrong you are about NFTs being "dead" or "stagnant." Daily volume for the top 10 NFT collections:



Yes, a lot of it is b.s. that will fade in value, and a lot of other NFTs are illiquid, but the market is still very much there. Its not going away, ever. This isn't like DeFi or the shitcoin of the month. It's like cryptocurrency for everything else besides currency.

[inthelongrun]

NFT will never be over. Its market may drop in times like this bearish season but it won't last long. There are more metaverse projects starting to develop and in the next few years, this will become the next big thing in crypto. From Bitcoin to Bitcoin+altcoins then comes Bitcoin+altcoins+NFTs and then the next will be with metaverse. NFTs will become a huge part of these metaverses.

I am looking at some of the next good projects with potential and many of them are connected to NFTs and metaverse. Lifeform, for example, the creator of HALO NFTs worked with Binance Labs and will launch its product for public minting of NFTs that are applicable to the metaverse.

[gameplaygign]

You know, unlike other p2e projects, WeSleep seems much closer to the masses. I mean, here to earn you don't need to spend hours grinding useless things. Just sleep like you always do and get crypto for it.

[glendall]

I don't think the hype for nft is over, but looking at the current market conditions, nft doesn't go up like they started, but the sales volume is still fine.