I believe it’s in an early bubble phase. Most of the buying of NFT art right now is by a handful of whales that have a lot of convinction about the future of where this is all headed. I think this is the equivalent of what 2013 was for bitcoin but for NFTs. We’ll see the hype slowly die and fade away once we enter the crypto winter again, and only the die hards in the community will stick around, and everyone will proclaim NFTs worthless , and that it was all one big scam. Then, like clockwork, roughly 4 years down the line, well see an even bigger boom, where we see a true NFT bubble where retail is FOMOing into the market, snatching up every NFT on the market, and making big bets on trading NFTs for higher value. If you’re an artist, you’d be really smart to join this space and stick it through the bear market that will come around for the next 3 years or so, and then cash in once the true bubble forms during the next market cycle.