Introduction
Remember when NFTs were the digital gold rush? Everyone from celebrities to your tech-savvy neighbor was diving in. But what happened? The glitz and glamour seem to have vanished almost overnight.

The Collapse
NFTs were once hailed as the future of digital ownership. Yet, the reality check came fast and hard. According to EM360Tech, NFT sales dropped by a staggering 83% in 2022. The bubble burst, leaving many investors high and dry, disillusioned by the oversaturation and the volatile crypto market.

Dubai’s Outlier
Hold on, Dubai isn't ready to bury NFTs just yet. At Art Dubai Digital, NFTs are still strutting their stuff. The local appetite for tech innovations and governmental backing keep the scene alive. Exhibitors continue to push the envelope, showing that in some corners of the world, the NFT flame still flickers.

Famous Failures
Some high-profile NFTs have faced spectacular declines. For instance, Jack Dorsey’s first tweet, initially sold for $2.9 million, saw bids of less than $14,000 in its most recent auction. Similarly, the Bored Ape Yacht Club, once a symbol of NFT opulence, has seen its floor prices plummet from hundreds of thousands of dollars to mere fractions of that value.

The Verdict
Despite these pockets of resilience, the overall narrative is bleak. As noted in The Conversation, the NFT market was more of a speculative craze than a sustainable innovation. The hype was unsustainable, and now, the glitter has faded, leaving behind a market that's far from its former glory.

Analytics and Data
Looking at the analytics, the trend is clear. Google Trends data shows a dramatic decline in NFT-related searches, indicating waning public interest. On-chain analytics from platforms like Dune Analytics reveal a consistent drop in active NFT wallets and transaction volumes. This data paints a stark picture of a market in rapid decline.

The Rise of MEME Coins
In the wake of NFTs' decline, MEME coins have surged in popularity. These coins, often based on internet jokes and memes, have captured the public’s imagination. However, their future may mirror that of NFTs. The speculative nature and lack of intrinsic value make MEME coins susceptible to the same volatility and potential crash.

Conclusion
NFTs had their moment in the spotlight, but the show seems to be over. While places like Dubai keep a candle burning, the global interest has waned, and the once-booming market now looks more like a digital ghost town. NFTs are not just in decline; they’re teetering on the edge of irrelevance. Meanwhile, MEME coins might be next in line for a similar fate, as the speculative bubble surrounding them could burst just as spectacularly. So, is it time to say goodbye to NFTs for good? All signs point to yes. And as for MEME coins, their future is just as uncertain.