I would say no one can forecast the future with much certainty, so it is anyone's guess how the market for NFTs will fare over the next few months and years. ​ Based on this Dune dashboard of activity on Opensea, it does seem that the daily volume of transactions have declined in May. But who knows if this downward trend will continue, or there may be other catalysts to get people excited about NFTs again? ​ One must also consider the broader economy. As long as risk-off market sentiments (e.g. expectations of higher interest rates, and the Fed's ceasing of quantitative easing or "easy money") prevail, it is quite unlikely that the current crypto bear market, including for NFTs, will see much of a respite. ​ Personally, over the long term, I think the NFT market will operate like a series of "Gartner hype cycles". Every promising new development within the NFT market will lead to a quick initial peak, followed by some lost of interest, before fundamentals catch up. Ultimately, as long as NFTs can deliver real-world use cases to people, the market should go up, but how it gets there will probably be through multiple peaks and troughs. ​