NFTs are back but it's new collections with innovative approaches. Meanwhile most legacy NFTs continue their trend to zero, for the simple reason that all catalysts are gone and if we're being honest, there is no real reason to buy one. Token airdrops? Done. Utility? Spending more money on stuff you don't really need. Value of pfp usage? Doesn't really matter anymore. Community? Mostly dead. This is in line with the total market cap of the formerly big five NFT projects, which is printing new ATLs every month
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