Will the NFT Bubble Burst? Where Are We in the NFT Lifecycle?

Many people speculate that NFTs is a hyperinflated bubble which will explode in a matter of time and be reduced to a mere fad. But are they right?
How NFTs Are Disrupting the Fine Art Community

In March 2021 of a non-fungible token (NFT) art piece was sold in a major auction house, See how this auction calls for change in fine arts.