NFTs and metaverse are in a state that internet was in 90s. People thought internet is useless and only for sending/ receiving emails, and reading news. Ecommerce, online marketing, multiplayer gaming and social media were unimaginable. Same goes with NFTs. It is vert very early.

It is a huge shift from distribution of wealth from distributors to creators. This is just the start. There will be new brands that Bored Apes and other blue chip projects will create in future. This is just the beginning. The dip in NFT demand is due to the global market conditions. NFTs are currently a luxury and on top of the risk pyramid. They will go mainstream in the next few years as tech develops and companies like Meta, Coinbase and Google adopt it.