Peak 2021 was itself a "stimulus-led fad", as Bloomberg put it: https://www.bloomberg.com/news/articles/2021-04-03/nft-price-crash-stirs-debate-on-whether-stimu

Peak 2021 was itself a "stimulus-led fad", as Bloomberg put it: https://www.bloomberg.com/news/articles/2021-04-03/nft-price-crash-stirs-debate-on-whether-stimulus-led-fad-is-over https://www.bloomberg.com/news/articles/2021-04-03/nft-price... The whole thing was always fake. To the extent NFTs were a thing, they were another speculative asset for crypto degens. That's all they ever were.