DRAMATIC DECREASE OF INTEREST IN NFT

Apr 17, 2022 - 20:37
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DRAMATIC DECREASE OF INTEREST IN NFT

Until recently, the non-fungible token was a very interesting issue; however, this is no longer the case!

Although many people have been compelled to try to comprehend what NFT is at least once, in the previous year, the latest numbers from Google Trends analytics plainly show that there has been no sustained interest in the subject, as there has been with cryptocurrencies.

Spectacler has long defined what NFT is for people who have not yet attempted to confront this problem, but if you want Wikipedia to do it, here it is:

"NFT, Non-Fungible Token is an irreplaceable unit of data packed on a blockchain in the form of a marketable, tradable, and tradable digital book. Different types of NFT can be associated with digital files such as photographs, video, and audio ".

Still not clear?

All you have to do is dive deeper into the internet and go on your own exploration. However, if the current trend of Google's search for this term continues, it may be a waste of time.

LimeWire, on the other hand, is one location where the elimination of NFT is far from certain.

The iconic early-2000s file-sharing network (remember, it made it easier to illegally steal movies and music) announced in mid-April that it would relaunch as "the mainstream, digital art and entertainment collector's market, initially focused on music." The service is scheduled to go live in May.

NFT attracted the most attention at the end of 2021, and during all the months of 2022, it is in a constant and steep decline, which both Google and experts predict will continue. 

NFT will no longer be of mass interest, as is the case with blockchain technologies, but it will remain a niche for occasional big things in the field of collector's collections and individual "excursions" in terms of large investments. 

NFT will be used more for smaller sales, which will provide some type of support to the artist, manufacturer, influencer, and the like.

The last example of the first tweet sold, which was purchased for millions of dollars and may now be sold for less than 300 dollars, demonstrates that the moment of significant investments in NFT is past…