NFTs in 2024: Decline or Transformation? ๐ต๐๐ฅ
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AI skyrocketed in 2023, pushing NFTs into the background ๐ค๐. Despite an 82% drop in search interest and a 90% value decline, NFTs may still have potential ๐.
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Crypto scandals in 2022 led many to doubt NFTs ๐ต๏ธโโ๏ธ๐ผ. However, early 2024 shows steady investment and evolving markets ๐๐. Are NFTs truly dead? Far from it! ๐
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Sales dropped due to market slumps and memecoin trends ๐๐, but buyer-seller balance hints at stabilization ๐. Mainstream trust is shaky, yet the future holds promise ๐ช๐.
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NFTsโ future lies in sustainable value, niche digital art, and new creators ๐๐จ. Despite the challenges, calling NFTs dead is premature and inaccurate ๐ฎ.
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For more info: https://www.ibtimes.com/are-nfts-dead-nft-sales-down-44-no-sign-recovery-3735624?rand=6477