What happened to NFTs?

NFTs (Non-Fungible Tokens) were once a booming market, but their popularity has significantly decreased since their peak in 2021-2022. Several factors contributed to this decline, including market saturation, lack of clear use cases beyond digital art, and the overall downturn in the cryptocurrency market. However, NFTs are still being used in various niches such as digital collectibles, virtual real estate, and as a means of proving ownership in online communities.