The metaverse and NFT boom Is about to go bust.
The world is already getting bored of the apes.
Source: Medium/One Zero
Stephen Moore explores the potential for the Metaverse to be the digital playground of NFTs through avatar skins, items, and interacting in exclusive online communities.
He then documents the evidence that interest in both NFT and the Metaverse projects has rapidly declined since the beginning of the year, with all signs pointing to a burst of the digital-only bubble.
The evidence includes real world crises, scams, regulatory pressures, and the lack of viable use cases.