think of this Forbes article https://www.forbes.com/sites/paultassi/2022/03/10/interest-in-nfts-and-the-metaverse-is-falling-fast/?sh=73694bca1ebb
It's no fud.. its logic., It's just a picture at the moment...current state of nfts will not trigger our kids.. our grandma's
NFTs are in a huge bubble
That's how it works whit new technology, big boom and bust cycles as the investor appetite for risk out grows the fundamentals and people expect too much to happen in too short time. Crypto right now is not too hot so more speculative assets go down also I think when it comes to metaverse we need new tech to excite people again and to create new wave of growth when it comes to new projects and just new ideas of what is possible. Im not really worried since I think Lukso is going to help a lot whit the fundamentals of NFTs and metaverse which means growth and excitement around this stuff. Also I think that we are going to hit new BTC ath later this year so that should bring the crypto tourists back and new people also.
The problem is most Nfts are pretty worthless with zero utility
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