NFT market held back by oversupply, greed and bad projects: Gary Vee
Popular entrepreneur and NFT proponent Gary Vaynerchuck — also known as Gary Vee — has argued that oversupply, greed and subpar projects are the main reasons the NFT market fell so hard over the past year. Commenting on the state of the market, Vaynerchuck emphasized that there has been a significant amount of fear, uncertainty and doubt (FUD) from traditional media as well as social media this year, with both generally highlighting issues such as dwindling trading volumes and plummeting floor prices. oversupply, short-term greed and poor operators.
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