Ask HN: Is the NFT Craze Over?

Posted by d--b on Monday June 13, 2022 @04:08AM
from the ask-hn dept.

Looking at volumes here, it seems that sales are going down siginificantly, or am I reading this wrong?

https://www.theblockcrypto.com/data/nft-non-fungible-tokens/nft-overview

( 6 comments | 5 points | on HN )

Re:Ask HN: Is the NFT Craze Over? by mudrockbestgirl on Monday June 13, 2022 @04:52AM (#31722866)

Everything is down. Stocks, crypto, NFTs. NFT volume (most of which was wash trading anyway) has been on the decline significantly over the past few weeks and months. That doesn't necessarily mean the craze is over, but I think it's likely that the craze of the past wave of NFTs, which are celebrities promoting JPEGs and rug-pulling them, is over. The market has had enough of them after realizing 99% are scams.

I don't think the overall NFT craze is over though. Many blockchain projects rely on NFTs of one type or another. They just won't be the typical celebrity-backed NFTs.

[ Parent | on HN ]

Re:Ask HN: Is the NFT Craze Over? by SMAAART on Monday June 13, 2022 @08:03AM (#31724249)

The "craze" is over, but NFT(s) are here to stay.

[ Parent | on HN ]

Re:Ask HN: Is the NFT Craze Over? by nicbou on Monday June 13, 2022 @11:31AM (#31726995)

The blockchains perhaps, but the servers hosting the data are not

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Re:Ask HN: Is the NFT Craze Over? by tanganian on Monday June 13, 2022 @04:53AM (#31722870)

Scams aren't supposed to last long, no surprise.

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Re:Ask HN: Is the NFT Craze Over? by anon2020dot00 on Monday June 13, 2022 @09:04AM (#31724974)

Probably not, I haven't bought a picture of a monkey yet.

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Re:Ask HN: Is the NFT Craze Over? by tapeloop on Monday June 13, 2022 @05:02AM (#31722911)

I really hope so

[ Parent | on HN ]