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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.

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

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

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

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

I really hope so

Ask HN: Is the NFT Craze Over?