NFTs didn't die, here's what happened
- NFTs took the Internet by storm in 2021, with high-profile sales and widespread interest.
- NFT trading volume dropped significantly by September 2022, attributed to the relationship between NFTs and the crypto market, market saturation, and economic factors.
- There is potential for NFTs to make a comeback in the future, especially if the crypto market bounces back.
The decline in NFT trading volume raises questions about the long-term viability of the NFT trend. While there are potential factors that contributed to the decline, such as the relationship with the crypto market and market saturation, it remains to be seen if NFTs can regain their popularity. The future of NFTs will likely depend on the overall health of the crypto market and the development of new use cases beyond digital art.
