NFT Bubble Bursts as Market Crashes 95% from Peak Hype
- NFT market exploded in 2021 but has since crashed with 95% now near worthless
- Bored Ape NFTs peaked at $500k in 2022, now worth tenth that
- ApeFest meetup shows ironic downside of cutting corners in unregulated NFT space
- NFT supporters blinded by optimism about changing finance and investing
- NFT hype Cycle huge spike in interest in early 2022, now collapsed