With the recent staggering losses in the crypto market, speculators have fled the once-frothy NFT market, taking what was left of their money with them. Now some people in the industry producing original digital art—as opposed to collectible PFP (profile picture) collections like Bored Apes and CryptoPunks—are attempting to create a grassroots, sustainable business model that has a low bar for entry and doesn’t rely on speculation.
Source: The Next Big Thing in NFTs: Selling Them for Peanuts – Decrypt