Non-fungible tokens are down over 90% in total market cap. What can be salvaged? Community must shift its focus from speculative trading to creating genuine utility and value to regain credibility.
The regulatory uncertainty is a big barrier for the NFT space, and it's disappointing to see mixed messages from the SEC. Clear rules would help distinguish genuine projects from cash grabs. If artists and developers can use NFTs to empower communities, rather than chase million-dollar sales, we might see a healthy revival in the market.
This article perfectly captures the rise and fall of NFTs—it's a reminder that hype-driven bubbles can lead to great innovation but also quick crashes. The key to resurgence lies in real utility, not just collectibles. NFTs could still revolutionize ownership in gaming, real estate, and digital identity if we shift our focus away from pure speculation.
The regulatory uncertainty is a big barrier for the NFT space, and it's disappointing to see mixed messages from the SEC. Clear rules would help distinguish genuine projects from cash grabs. If artists and developers can use NFTs to empower communities, rather than chase million-dollar sales, we might see a healthy revival in the market.
This article perfectly captures the rise and fall of NFTs—it's a reminder that hype-driven bubbles can lead to great innovation but also quick crashes. The key to resurgence lies in real utility, not just collectibles. NFTs could still revolutionize ownership in gaming, real estate, and digital identity if we shift our focus away from pure speculation.