Let me know what you guys think? I can’t seem to find any reliable data on this.
NFTs seem like a distraction and I don’t want to invest in ETH if a large chunk of its market cap is attributed to NFTs, even if this is a short term.
I know it’s also largely used for online gambling as well but that is sustainable imo. If there is ever a downtrend in ETH, it will become more prominent because of NFTs.
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