Damnit everything is taking hits right now, NFT collections are spawned in droves to make a quick buck for whoever makes them but no one is buying all the rubble.
IMO it just makes things like SoG look all the more appealing to collectors -- made years before everyone and their grandma was launching their own Furry Squirrels collections. What the market really has to worry about is when people stop caring about NFTs altogether.
Means crypto trends got lame and whack even before they have reached any maturity.
Sad but true. A lot of it has always been lame and whack; now it is lame and whack on corporate steroids.