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Cryptocurrency discussions / Does NFTs still have relevance in the Crypto Space?
« on: February 24, 2024, 05:31:42 PM »
Stats from last year's Coingecko market report reveal a decline in NFT adoption compared to fungible tokens and the 2022 trading volume. This prompts consideration for aggressive investments in the sector. Noteworthy NFT-integrated projects like Mavia and the recent Animalia, an online NFT trading card game, have emerged showing a glimpse of prospect for NFT-related crypto projects.
https://www.coingecko.com/research/publications/2023-annual-crypto-report
As a non-gamer navigating the unpredictable crypto space, the drop in last year's NFT trading volume to 11.8 billion, in contrast to 2022's 26.3 billion, raises concerns. However, closely monitoring these NFT-related projects could prove rewarding if a different scenario unfolds this year.
The question lingers: Will this year bring a shift, or are there indices signaling a potential bullish sentiment for NFTs and their related projects?
https://www.coingecko.com/research/publications/2023-annual-crypto-report
As a non-gamer navigating the unpredictable crypto space, the drop in last year's NFT trading volume to 11.8 billion, in contrast to 2022's 26.3 billion, raises concerns. However, closely monitoring these NFT-related projects could prove rewarding if a different scenario unfolds this year.
The question lingers: Will this year bring a shift, or are there indices signaling a potential bullish sentiment for NFTs and their related projects?