No, the NFT market is not dead. Some would say that it’s merely a sleeping giant who has had too much to drink! 2022 was an amazing year for NFT projects all-around, and it was almost a guarantee that things had to cool off at some point. NFTs may have cooled down for now, but the buzz is slowly picking back up.
As the price of cryptocurrencies goes up, so too will the demand for NFT projects. If you were thinking about releasing an NFT project and are hesitant because of the recent downturn, just know that there will be another bull run.