NFT BUBBLE POPPED

NFT, or nonfungable token, is just a fancy name for a unique digital identifier that cannot be copied and is recorded in a blockchain that is used to certify authenticity and ownership. Since the recent hype in investing post covid, which retail investors focused on cryptocurrencies, speculative sectors in the stock market, and also NFT's. Facebook had an impact on this bandwagon to crypto and NFTs by changing their name to Meta to show there prioritization and focus of their future. Many other companies have also showed transitions into this sector to take advantage of a new innovation that's disrupting markets. The hype was real with basically every celebrity from actors to athletes investing big money into NFTs and even accepting salaries in Bitcoin. Be fearful when others are greedy and greedy when others are fearful! Once the federal reserve expressed their actions were about to change and growth tech stocks took a huge hit, cryptocurrencies and NFTs followed. Bitcoin, the main player in the crypto game lost basically half its worth as well as NFTs. Is this the new internet bubble?!