However, things take a different turn when he finds out (from a pizza cat), that the NFT ‘craze’ is over.
This episode is gaining wide recognition from the NFT fans and sceptics for the Simpsons makers for creating a parody related to the crypto industry and how it peaked a few years ago but has since quieted down.
Are NFTs Really Dead?
According to an analysis of the issue, the famous Non-Fungible Token market witnessed its biggest low recently, with October being labelled as a “Floptober.”
According to researchers at Dapp Radar, the NFT value has hit its lowest since the NFT market peaked.
The overall amount of money sold in the sector, or trading volume, has decreased by 89% since the start of 2022.
It was $12.6 billion (£10.4 billion) in the first quarter of 2022, and as of the third quarter of 2023, it is only $1.39 billion.
Additionally, the sector is shrinking. The makers of the infamous Bored Ape NFTs, Yuga Labs, revealed an undisclosed number of layoffs last month.
Among its most well-known series is Bored Ape Yacht Club. Millions of dollars were once paid for NFTs, which were driven by wealthy customers such as talk show p
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