NFTs are not Dead

Compared to past months, News and updates regarding the NFT space diluted, but the industry is still very much alive, although it is worth noting that compared to how things were just a couple of months ago as mentioned earlier, the interest in the people is it from within the cryptocurrency space or not, seemed to have died down.

This leads some to believe that this could spell the end for NFTs, given that aside from the bad rap it is already receiving, from all the negative publicity it received and is continuously receiving.

That being said it also needs to be said that amidst the backlash, and what seems to be the apparent demise of NFTs, it is still a sector of the cryptocurrency world that is very much alive and is still going strong.

In the cryptocurrency world, there are what they call “strong hands” and “paper hands”, as the name suggests, the paper hands are those who are easily swooning over by the winds of the market and will be the first ones to give up their holdings at the first sight of a dump.

These paper hands are the ones that bloated the hype that NFTs received during its height and are also the ones who quickly pulled their investments off and when they did, it worsened the market condition causing the crash, but in reality, it could be safely said that it is just a rebalance of system.

NFTs are pretty much here to stay regardless of circumstances, it has cemented themselves in the archives of the internet in such a short span of time, which is in itself noteworthy.

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