In the dynamic and often unpredictable world of digital assets, Non-Fungible Tokens (NFTs) have been a subject of intense debate. Once hailed as the next big revolution in the art and collectibles market, NFTs have seen a drastic shift in public perception.
With many being very adamant in declaring NFTs dead, this article delves into the current state of NFTs, backed by analytics and market trends.
I hope no one here relies on them for their NFT news — looks like a bottom signal to me.
While the crypto market seems to have rebounded lately, fueled by the Bitcoin ETF and Bitcoin Halving expectations, the NFT market seems to lagging, given the lack of a strong catalyst.
Perhaps the only necessary catalyst is making sure that NFTs are not dead anymore, and will, eventually, come back to hype.
NFT = Not Fun Times
I mean — are NFTs drastically traded less compared to 2022? YES.
