According to the search results, the NFT market experienced a significant crash in 2022, and most NFTs are now essentially worthless. The market became saturated with low-quality offerings, and the environmental impacts of energy-intensive blockchain networks drew criticism. The hype for NFT art faded, and the shine off the token element of this technology with it. The drop in value of NFTs was not temporary, and most NFTs that sold for millions are now worth 95% of their value at the time. The NFT market is currently experiencing its most illiquid phase, and NFT transaction volume has collapsed by 97% from its peak in January 2022. However, NFTs still exist, and new ones are being introduced all the time, and people can still buy, sell, or trade them if they want.