On that note, it's worth noting that there are some dismal macroeconomic conditions to consider, as pretty much every NFT-slash-crypto-CEO has noted during the. Most industries are having a difficult time right now, as are everyday folks struggling with the economy.
The fading hype around digital assets — due in large part to a growing lack of distrust in the industry, following the crash — combined with a generally uncertain financial future is likely making it a lot harder to convince consumers that spending anything from a few hundred to a few million is worth it for a JPEG image, especially in an arena rife with
Free Weed With Every NFT Purchase? Greatest idea of the decade. 🤣
Why is that surprising? It was a scam to begin with.
NFT's are a greater fool scam controlled by a few individuals just like modern art, diamonds, Et al.
pretty sure they'll still be around... likely they'll find other niche uses for it instead of inflating the art world with AI-generated junk
Not surprising. People want something they can funge
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