Whatever Happened to NFTs?

A few years ago, NFTs were one of the hottest trends in the crypto industry, with digital artwork, collectibles, and profile picture projects generating billions in trading volume. Today, however, NFT discussions have largely faded from the spotlight, while newer narratives such as AI, tokenisation, and memecoins dominate headlines. Some believe NFTs were a speculative bubble that eventually burst, while others argue the technology is still valuable and simply waiting for more practical use cases. Were NFTs ahead of their time, or was the hype always destined to fade?