After taking a major hit in the cryptocurrency market through 2022 and 2023, the non-fungible token (NFT) sector is attempting to make a notable comeback, following the overall digital asset realm uptrend.
Once hailed as the pinnacle of the digital frontier, NFTs suffered a dramatic decline in global sales volume, losing 63% to just $8.7 billion in 2023.
However, as Bitcoin rebounds and the US Securities and Exchange Commission (SEC) approves the launch of exchange-traded funds (ETFs) tied to the digital currency, the non-fungible token industry is eager to rekindle interest in its digital space.
NFT Sales Surge And Stumble
According to a Bloomberg report, startups within the NFT space are now reviving narratives that emphasize the practical applications of NFTs in gaming, finance, and art.
These companies claim to have learned valuable lessons from past setbacks, aiming to transform the sector into more “durable” and “accessible” assets. According to Bloomber
We współpracy z: https://bitcoinist.com/nft-creators-rekindle-interest-in-digital-assets/
