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NFTs Are Dying

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by COINS NEWS 233 Views

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Since late 2021, NFTs have been on a steep downward trend. I decided to do some quick research after watching the general sentiment here on reddit turn from "crazy optimistic" to "pariah." Sometimes, that's just "group think," and the truth lies in the marketplace. In this case, what we're looking at is actual search demand. This would include searches by non-buyers who were just learning about the term for the first time, seeking greater understanding of the concept, yet rather than finding that info and jumping into the pool, the data would suggest that most are disinterested in further participation at that point.

My assessment of the cause could be open to interpretation. The data shows however, that NFTs are in no way gaining in popularity overall.

submitted by /u/pinkygonzales
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