04/14/2022
NFT market: is the bubble bursting?
A year has passed since the beginning of the NFT buzz, and now it is the perfect time to form a solid data-based opinion.
A year after, the questions are still being asked: is it a bubble? Is it bursting? Is it growing? And will the value continue to rise in the future?
Overall, the first few months of the year saw NFTs generate roughly $12 billion in trades, and starting in Q2 2021, the sales declined by nearly 30%. This dip seemed as a start of a massive crash, although the reasons are likely to be tied with the ongoing political conflict, slowing down the global economy and all kinds of industries. Therefore no signs of a bubble bursting appeared yet, and the forecasts are not as dramatic as it seems.
While the market is expected to steadily bounce back and become more decentralized thanks to the growing number of unique traders, NFT collectors, creators and enthusiasts are continuing to buy, sell, create and appreciate the NFTs.
One of the best appreciation ways in our opinion is to visit a virtual gallery: in a place, which is not a place, with the physically non-existent, but valuable and legit art pieces, in a company of people, that are miles away.
That’s how we like it, and that’s what we offer.