NFT Trends: is this truly the end?. In short, the answer is “no.” In fact, a quick look at the recent OpenSea volume proves the opposite. On May 1st, the NFT marketplace surpassed $480M in trading sales volume!. This information alone speaks for the NFT niche evolution.
We are back in a period of market consolidation with founders focused on the fundamental, but not particularly newsworthy business of delivering outstanding results for their projects. Despite the uncertainty in the global market because of the war conflict in Ukraine the confidence is still high because the NFT came through during the Covid-fueled March 2020 market crash.
While 2021 saw NFTs gaining mainstream publicity, 2022 is set to be the year NFTs are integrated in a much more solidified way. This escalation will be due mainly to a larger understanding of NFT capabilities, regulation of NFTs, and industry accessibility as a whole.
But the hype period is gone. Going forward, no investment will happen based on hype. The hype around NFTs has helped startups raise millions in funds. According to investment tracking firm Venture Intelligence, VCs invested $520 million in Web3 startups in 31 deals in 2021. In 2022, they have already invested $522 million in 20 deals so far.
More references on NFT Trends
The NFT market is probably not as down as you think it is
The NFT market did cool off in the first quarter of 2022. But different market data from other sources, including NFT ranking platform DappRadar and blockchain analysis platforms Nansen and Dune Analytics, show that sales volume and active user counts aren’t flatlining. https://fortune.com/2022/05/05/nft-market-sales-not-flatlining-data-shows/
Why NFT trends in China may point to the future of NFTs globally
A cautious approach to NFTs has laid a foundation that could put crypto-wary China at the forefront of the industry says Stink Studios’ managing director in Shanghai. Chinese authorities are currently taking a cautious approach to non-fungible tokens (NFTs), trying to ensure they are safe and controllable. But don’t jump to the conclusion that China is missing out on this technology. In fact, if we look in more detail, one can consider China to be at the forefront of blockchain technology. It will probably be the first country to see a live version of the future web3.
Why the infancy of NFTs may last a long time
But in the increasingly desperate scramble to find the next Bored Ape Yacht Club — the iconic NFT series whose cartoonish works frequently sell for millions of dollars — the opportunities for due diligence are limited. Many NFT creators use pseudonyms, making it hard to verify their credentials.
“The NFT thingy is starting to burst,” Nassim Nicholas Taleb, author of the 2010 New York Times best seller The Black Swan, tweeted Saturday. “All you need is higher interest rates for things that make no sense to start making no sense.” https://fortune.com/2022/04/16/nft-thingy-starting-burst-warns-author-the-black-swan-predictor-2007-2008-financial-crisis-nassim-nicholas-taleb-cryptocurrency/.
Are Crypto and NFTs Here to Stay?. There’s mixed consensus among some investors. While cryptocurrency and the metaverse seem to be all investors can talk about these days, just how resilient are some of these investing trends? https://www.youtube.com/watch?v=St7rvWyFWVQ
If NFTs are the future. What does the future look like?. How Everyone Will End Up Using NFTs? What are NFTs? What Are NFTs and What Can They Be Used For? How do people see the Present and Future Uses of NFTs? https://www.youtube.com/watch?v=70L8e8Zk9Zg
Are NFTs the Next Evolution of Social Media?
Meet Roham Gharegozlou, the mastermind behind some of the most broadly-used crypto applications. https://www.inc.com/alexa-von-tobel/meet-the-mastermind-behind-cryptokitties-roham-gharegozlou.html
NFTs Could Be Your Ticket Out Of Crypto Winter
Tracing the last 365 days of NFTs. Love them or loathe them, there’s no getting away from NFTs. After their mass explosion in the cultural zeitgeist this time last year, where are we at now? https://theface.com/culture/nfts-last-365-days-beeple-bored-ape-paris-hilton-art-tech-culture
Is Crypto and NFTs a Passing Fad?
Now that the hype has led NFTs to the mainstream and sky-high earnings, the question becomes, what’s next? In two emerging cases, the allure of decentralized tech is helping investors see bright futures.
Ethereum Fees Fall To 6-Month Low
Why are Ethereum’s gas fees falling?. We’re now seeing moves for less than ten dollars. The answer? NFTs.
‘NFTs Will Lead Crypto/Web 3 in 2022’
The Future of NFT Marketplaces
Vanessa Grellet (mod), Alex Sanikov (Rarible) https://www.youtube.com/watch?v=NJ75t6lf7rM
5 NFT Predictions for 2022
How Much NFTs WILL EXPLODE
Top 10 NFT Trends That Could Change The World In 2022