The Rebirth Of NFTs: Moving Beyond The Initial Hype
Swelling in popularity in the first quarter of 2021, this year appeared to be the year of non-fungible tokens (NFTs) as prolific celebrities, athletes, and musicians poured into the space awash with buzz and excitement over the revolutionary creative possibilities the nascent ecosystem presented. But just as quickly as the NFT phenomenon emerged, NFT marketplace activity had frozen over, leaving creators, collectors, and other market participants questioning whether the NFT market was dead and a prolonged multi-year bear market would ensue.