The NFT market bubble has popped?
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The NFT market bubble has popped?
1–10 of 332 posts
Re: The NFT market bubble has popped?
#2The NFT market is for money laundering, how can it “pop”
Re: The NFT market bubble has popped?
#3Even if it turns out to be a loss for the majority of players, I am still happy for the creators that got a chance to monetize their work. I think Beeple truly deserves the fortune he made.
Re: The NFT market bubble has popped?
#4The bubble has popped, but these graphs show that we are still at January-February levels of bubble.
I am not sure if the market has fully collapsed (Unfortunately?).
Re: The NFT market bubble has popped?
#5I am hardly surprised. While Bitcoin maybe had theoretical uses as a currency a decade ago, the NFT hype never made any sense whatsoever to begin with.
Re: The NFT market bubble has popped?
#6One thing I have noticed when listening to the interviews of NFT companies is that, when describing NFT is the future, the arguments from these founders are examples of people/artists made money by selling NFT online. It has become more and more a theme for cryptocurrency technology has well: the reason you should be in is that other people have made money rather than the benefit of the technology itself. It is not a good sign.
Re: The NFT market bubble has popped?
#7I am not sure. These charts don’t say a whole lot in my opinion.
Sure, if you compare snapshots then there is less activity than say a couple of weeks earlier at the peak. But YoY comparison looks solid for example.
I don’t think this is a proper and nuanced analysis.
Re: The NFT market bubble has popped?
#8The bubble has popped, but these graphs show that we are still at January-February levels of bubble. I am not sure if the market has fully collapsed (Unfortunately?).
Yea, for all we know it could be a temporary correction, just to shoot up further next month. I think it's too early to speak of a 'collapse'.
Re: The NFT market bubble has popped?
#9The NFT market is for money laundering, how can it “pop”
The laundering market realizes that a public record is antithetical to some of their goals?
Re: The NFT market bubble has popped?
#10The NFT market is for money laundering, how can it “pop”
This has supported my trust in bitcoin from the very beginning. Why do you need NFT for money laundering when you can use cryptocurrency to achieve the same directly?