The NFT bubble may have popped, but the sector is still primed for expansion

The NFT bubble may have popped, but the sector is still primed for expansion


Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their own one-of-a-kind digital art pieces dominating the mainstream media.

Fast forward a few months and the narrative has shifted to the ‘NFT bubble’ popping and doom and gloomers warning that NFT investors are on the verge of losing all of their money.

NFT market 1-year history. Source: NonFungible

Trending: 8 BOXES REMAIN – Hand Recount Nearly FINISHED – HUGE Discrepancies Expected – NO BALLOTS = NO VICTORY

The rapidly declining prices and activity on the top NFT marketplaces have prompted many to speculate on the death of the nonfungible token space despite the well-known cyclical nature of the crypto market that can spring back to life at the drop of a hat.

You knew this was coming, right?

NFTs Are Dead

(of course you can buy this song as an NFT)https://t.co/gj6JFpFKZX pic.twitter.com/NFveBKgdRn

— Jonathan Mann (@songadaymann) June 4, 2021Active users jump ship

Active users are the lifeblood of NFT marketplaces, but the choppy nature of the

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend