CryptoPunks, Bored Apes, CloneX; even the rock and Transformers-style #NFT projects that I can't remember the names of… All of them rode the hype. Once the hype ended, the crash was inevitable.
Do you know why? Apart from utility features like Ticket and similar, NFTs have no real or sustainable use cases. This causes them to lose their most valuable asset—their communities.
If there is no community, there are no holders. If there are no holders, there is no one to support the price.
Of course, if you're buying NFTs for show-off purposes, that's another story.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Each era has its NFT trash.
CryptoPunks, Bored Apes, CloneX; even the rock and Transformers-style #NFT projects that I can't remember the names of… All of them rode the hype. Once the hype ended, the crash was inevitable.
Do you know why?
Apart from utility features like Ticket and similar, NFTs have no real or sustainable use cases. This causes them to lose their most valuable asset—their communities.
If there is no community, there are no holders. If there are no holders, there is no one to support the price.
Of course, if you're buying NFTs for show-off purposes, that's another story.