Why have nfts in general lost so much value?

in hive-175254 •  2 years ago 

Why have nfts in general lost so much value? Since when the nft game projects and the like were launched, many people who invested in the beginning became rich or rich overnight. Currently the nfts are not in a good phase with several projects that had everything to succeed going bankrupt. It is not known for sure why this drastic fall in business that is the future in the world today. Do you think the nfts go up their prices again or is it now at their real market value?

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The NFT is something i understand but the rise of value of worthless NFT can just be attributed to people using it as a means of laundering money

Makes sense, there's smart for everything in this world.