Are NFTs dead in 2024? Reasons for NFTs market crash

The NFT (non-fungible token) market saw a rapid rise and subsequent decline, marked by significant events and trends. The market's boom and bust cycle highlighted the volatile nature of digital assets and the risks associated with speculative investments. While the initial craze has subsided, NFTs continue to exist as a niche market with ongoing developments in technology and applications beyond art and collectibles.

Join me in this video where I explain the reasons for the nft market's crash

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Timecodes ⏰
0:00 - Intro
0:32 - History of nfts
1:30 - Reasons why nfts crashed
1:55 - Point number 1 no intrinsic value
2:10 - Consumes too much energy
3:01 - Lack of regulation
3:45 - Not easily accessible
4:26 - Copyright and infringement
5:03 - Nfts still have a future

#nft #crypto #non fungible token