According to Decrypt, crypto artist Beeple (Mike Winkelmann) recently stated in an interview that NFT speculators have left the market, leaving only a core group of 'people who understand the technology.' 'Looking back at that time, I think it's crazy because the time NFTs were hated was much longer than the time they were loved. We lost a lot of users, but those people were never in it for the art. I could tell at a glance that speculators are looking ahead, but people are still very passionate about this stuff.'

OpenSea notes that Beeple's NFT work 'Everydays: The First 5,000 Days' was sold for $69.3 million in 2021.