I follow the NFT thing, at least in its metaverse incarnation, and it looks like it's about over. None of the 3D worlds that have NFTs have significant usage. The reaction of game companies is mostly "do not need or want". The reaction of gamers is "hell, no". Nobody is doing much with their overpriced "virtual land". Where it even exists. There are many wannabe virtual worlds that never actually launched a 3D world.

There isn't much of an NFT resale market. There are minters, and there are suckers. Any chance to make money flipping NFTs was used up last year. NFTs may stay around as collectables, but to make money that way, you must have fans who buy your merch. You need to own an NBA franchise, be a famous performer, or have a major collectable brand.

NFT sentiment on Reddit has gone from positive to very negative in the last three months. The hype isn't working any more. Without hype, it dies.

Then there's enforcement. About twice a month, the US SEC brings the hammer down on some crypto-related crook.[1] They're still working through the Initial Coin Offering scam backlog. They'll get to NFTs as the complaints start coming in.

[1] https://www.sec.gov/spotlight/cybersecurity-enforcement-acti...