Kanglei_Krypto
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#NFT Market Today: From Boom to Bust ๐จ๐ฅ
The NFT boom of 2021โ2022 reached stratospheric heights, from Beepleโs $69M sale ๏ฟผ to billion-dollar profile-picture collections. But that mania has fizzled: by 2024 NFT trading volumes plunged to multi-year lows, and sales have collapsed (down ~37% in 2025 vs 2024) with average prices near $96. The total market cap has shrunk accordingly (from ~$17B in 2022 to only ~$2.4B now). Even formerly โblue chipโ NFTs have seen floor prices crater as retail interest dries up; in fact, November 2023 sales volumes were roughly 66% below January levels.
Media and investors have largely shifted focus. Cryptoโs latest narrative is AI-powered projects: โAI agentโ tokens like RNDR and TAO surged in 2024 as investors flocked to this theme. Web3 gaming and tokenization of real-world assets are also capturing attention, and some analysts note crypto elites moving toward โtangible, scarceโ physical goods as NFT hype ebbs. Mainstream crypto media coverage has dropped NFTs, focusing on AI, gaming and tokenized real-world assets instead. Is this slump temporary or structural? Crypto tends to move in cycles, so todayโs downturn could be a correction that weeds out speculation and sets the stage for utility-driven growth.
However, oversupply and fading novelty mean many hype-driven NFT projects may never recover. The core promise of blockchain-backed ownership remains, but the future will favor NFTs with real-world use-cases over mere collectible buzz.
Comment below does NFT death or alive?
@NFT Paris #NFTComeback #BinanceHODLerBREV #ETHWhaleWatch
The NFT boom of 2021โ2022 reached stratospheric heights, from Beepleโs $69M sale ๏ฟผ to billion-dollar profile-picture collections. But that mania has fizzled: by 2024 NFT trading volumes plunged to multi-year lows, and sales have collapsed (down ~37% in 2025 vs 2024) with average prices near $96. The total market cap has shrunk accordingly (from ~$17B in 2022 to only ~$2.4B now). Even formerly โblue chipโ NFTs have seen floor prices crater as retail interest dries up; in fact, November 2023 sales volumes were roughly 66% below January levels.
Media and investors have largely shifted focus. Cryptoโs latest narrative is AI-powered projects: โAI agentโ tokens like RNDR and TAO surged in 2024 as investors flocked to this theme. Web3 gaming and tokenization of real-world assets are also capturing attention, and some analysts note crypto elites moving toward โtangible, scarceโ physical goods as NFT hype ebbs. Mainstream crypto media coverage has dropped NFTs, focusing on AI, gaming and tokenized real-world assets instead. Is this slump temporary or structural? Crypto tends to move in cycles, so todayโs downturn could be a correction that weeds out speculation and sets the stage for utility-driven growth.
However, oversupply and fading novelty mean many hype-driven NFT projects may never recover. The core promise of blockchain-backed ownership remains, but the future will favor NFTs with real-world use-cases over mere collectible buzz.
Comment below does NFT death or alive?
@NFT Paris #NFTComeback #BinanceHODLerBREV #ETHWhaleWatch
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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