NFTs are in a bear market - partially because everyone is gambling on memecoins



Last year everyone was gambling & having fun minting 100 new collections per day

You heard people say that derivatives were bad for the space

Well only 0.001% of NFTs are longterm projects & degens need to gamble daily, so they’re all trading memecoins now

As a result even serious NFT projects suffer as people just follow the volume to memecoins
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