I'm not sure if it's a bunch of crazy hyped up over spending or not but it seems like NFTs are on the rise again in terms of not only price action but also volume. NFTs to me have a purpose but still most money flows into total meme images and not things with any real utility to them. There was even a report that came out recently for institutional investors in which they were investing into NFTs just as much as DeFi.
This NFT movement still seems to be centered into the Ethereum network however there's been growth in places like Polygon, Mythos Chain (honestly a new one to me) , Immutable and BNB.
It will be interesting to see what happens in the NFT space this time around. Will we see just a bunch of crazy nft buys again or will we see the gaming sector take off with NFTs? What's really wild though is the gaming sector is still extremely bad in terms of nft web3 games. Nothing really amounted from the last bull run and I fear we might be in the same spot again come next bull run. Unless the market caps can hold and fund these new projects.