What Does the Future of NFTs Look Like Now?
It might be the dog days of summer here in New York, but over in the metaverse, we are firmly in the depths of crypto winter.
When NFT NYC, the world’s largest NFT conference, descended on Times Square last month, Bitcoin and ether were down more than 70 percent from where they were in November. That put a damper on the proceedings, and it’s had a ripple effect on the once-ballooning market for digital collectibles. In the first half of 2021, Christie’s had sold $93 million worth of NFTs; this year, they’ve sold just $4.8 million.
Meanwhile, NFT players and platforms are being dogged by…
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