According to the search results, the NFT market experienced a significant crash in 2022, and most NFTs are now essentially worthless. The crash was caused by a combination of factors, including the environmental impacts of energy-intensive blockchain networks, the market becoming saturated with low-quality offerings, and the disenfranchisement of some NFT holders. The decline in value of NFTs has led some to question whether the hype was all just a fad. While some experts believe that the NFT market may recover, others suggest that the decline may signify the demise of NFTs.