Think NFTs Will Make a Comeback as the Next Big Thing They Were Touted For?
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A recent Bloomberg report highlights a sharp decline in the NFT market. Between January 2022 and July 2023, NFT trading volume fell by 81%, while sales figures dropped by 61%. Even top NFTs like Bored Ape Yacht Club and CryptoPunks hit two-year price lows. Notably, the NFT marketplace Blur saw a massive 96% drop in sales volume from late June to early August.
Do you believe the NFT market will ever recover from this decline, considering the reasons responsible for this downturn, which I have highlighted in my earlier Post?
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