Soon investors will realize that the most incompetent economists in the world work for central banks. The second most incompetent economists work for government. The third most incompetent work for major universities and the forth most incompetent work for large investment banks.
Seems like someone big must have gotten liquidated on FTX. Lots of forced selling of assets into super thin markets. Filecoin alone dropped from $17 -> $12 bunch of other assets suddenly dropped -15% - -25% at the same time with that one in cascades. Nasty.
99% of NFTs are vaporware with no utility, just like 2017 ICOs.
Wait for the short term players to leave and while the long term players innovate and build.
The next NFT bull market will be insane.