Are NFTs Dead?
NFT hype has cooled with the recent wave of rug pulls, trademark lawsuits (like Bored Ape Yacht Club’s), declining NFT sales, a challenging crypto bear market, and scams. In January 2022, OpenSea, one of the largest NFT marketplaces, tweeted that 80% of NFTs minted through its NFT creation tool were plagiarized, fake, or spam. But are #NFTs dead?
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