Are NFTS dying or dead?

NFTs aren’t dying or dead, but stop talking about them, says Sander Gansen The rise, fall, and transformation of the NFT market have people speculating on what happened to NFTs and their future trajectory. While the fall of NFTs marked a significant shift from the exuberant highs of 2021, it is premature to dismiss the technology entirely.

What if NFTs were up?

Inflation is down a small amount, but not enough to assure markets that more interest rate hikes aren't coming. If NFTs were up, they'd be practically the only thing that was. The Nasdaq stock index is down 20% in the past month. Compared with this day last month, Apple and Amazon are down 12.5% and 30%, respectively.

What is an NFT & how does it work?

Digital art, collectibles, videos, music, and other identical items, are grouped as NFTs. The NFT could be used as a means to certify ownership over literally anything. Common things from memes, drawings, and digital arts are being sold as NFTs.

Do NFTS really have value?

For example, a sports team or popular music artist selling tickets through NFTs can use their existing reputation and events infrastructure to convince people that the NFT tickets really do have value. That said, an existing company releasing an NFT without any specific purpose or value can look gimmicky and thus fail to create engagement.