There's more to NFTs than just ugly monkey pictures, eg a ticket to a concert or movie, so NFTs are probably here to stay, just the initial bubble is over. If we assumed that tech and the online world was over after the tech wreck of 2001 then we'd have missed out of amazon and all the innovation that came after that, so don't worry too much about the crazy market of this shit and the utility of it. A better example is if we abandoned Bitcoin after its second bubble, Dash would never have forked, right?
Or NFT's were just an overhyped crypto event, that are now going the same direction as ICO's.
All overhyped things come to an end eventually.
The real problem preventing new consumers from entering the market is the industry’s failure to innovate beyond using an NFT as a profile picture on social media.
Source : marketscale.com/industries/business-services/what-went-wrong-with-the-nft-market-collapse/
I don't see that changing anytime soon, and i think Meta (and their research department) came to the same conclusion.
Which is why Meta is most likely now pulling out of NFT's.
I rather see DCG focus solely on Smart Contracts for Q4-2023, nothing else. Something tells me they will have more then enough work (and delays) on that.