NFTs are not dead, they have evolved into liquidity-backed, utility-driven digital assets called Liquid NFTs.
Between 2021 and 2023, the NFT market witnessed a hype, followed by a crash due to most NFTs lacking real value.
Liquid NFTs introduced the concept of liquidity-backed NFTs, where a portion of the mint price is locked into a stablecoin-backed liquidity vault, giving NFTs real financial value.
Creating NFTs has become easier with tools like Easy Create, allowing users to mint NFTs in under five minutes without coding or smart contract writing.