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Is the NFT fad dead?

The Morning Brief

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The Natural Cycle of Contraction of NFTs

Kameshwaran Elangovin is co-founder of Guardian Link the company behind Amitabh Bachchan's NFTs. The company realized the limited reach of non-utility celebrity NFTs and has now shifted its focus to NFTs that can be used in game as assets. He says if you buy a particular digital asset NFTs are more like a crypto's right there even marketplaces can shut down. It will turn around once two fundamental things are addressed. Long term utility of NFT use cases and liquidity in the market.

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