There were two waves of the NFT madness and by the nature of the markets the prices in some respects stay fictitiously high because of an illiquid market. What will happen overtime is that people are forced to sell dropping the floor price down. Certain manipulation can occur to do a transaction for a collection to bring the floor price back up but a lot of that is just individuals playing a shell game with themselves or friends to attempt to keep the market up. Eventually the house of cards falls because too many people who have these will need the money and won't have anyone to play some little shell game with. They will actually need to get the money out to pay bills and that is when the entire thing comes down and celebrities and people with their NFT as their profile picture will be laughed at even more than people who are in crypto in general. Sure we have heard people's opinions of different aspect of crypto but at the end of the day we know things go in waves. NFTs will be the same to some respects but most of it will flush away in the bear market. Even crypto Kitties didn't really survive the last bear market to really enjoy a ton of upside like the newer NFT collections that were rolled out. A somewhat similar thing will occur and most of the projects won't build anything when everyone expects some sort of immersive metaverse ecosystem. It just won't come because the blockchains they attempt to build on aren't capable of what they are claiming they are going to do. Unfortunately there really isn't money in telling people this and splashing them in the face with cold water. Suddenly the scammers snag big bags from new investors that know nothing about markets or crypto. 99.5% of the NFTs will be washed away and next time around there will be some new mouse trap to get people's money. The main utility I see with that space is the premise of in game items / characters but even that gets pulled down in a bear market to a point where it can't sell perpetuate itself oftentimes.
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