Non-fungible tokens (NFT's) were always just the sidekick of the cryptocurrency hype.
Now with the crash in cryptocurrencies, the NFT market has almost completely shut down.

The global cryptocurrency market reached a value of US$ 1,782 billion in 2021.
Now 40% of all investments in cryptocurrencies are underwater. That's a lot of paper wealth that was incinerated.

During a congressional hearing a few days ago, Treasury Secretary Janet Yellen was asked an interesting question by Senator Catherine Cortez Masto.

Two of the most cited examples of Peak Insanity of a market mania are 1) Pet Rocks in 1975-76, and 2) the Dutch Tulip mania of 1637. With the benefit of hindsight, no one with half of a mind today would think that either rocks or tulips would make sense as investment vehicles today.
Amirite? Well, am I?