The #NFT sales are down 92% compared to their peak in September'21. Is the hype over?
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Hype areound an industry will always reach a plateau at a certain time - it's a natural and healthy process. The moment is not the best: High inflation, war, international tensions, risk of recession. Like cryptos, NFTs are showing high correlation with tech stocks, which are down A LOT.
If you invest in NFT's only for the Hype, then like everything else the risk is huge and the moment is aweful. However, if you dig deeper to search for different value propositions like Data monetization, personalised content etc...it's a whole new story, and quite interesting!
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@ludovico_petrali would like to see some serious research on how NFT could be applied to data monetization. Any references?
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