Just learnt from CT a couple of days back that a BAYC holder from 2021 sold his NFT — once valued at $400k — for only $37k. In under 3 weeks, BAYC’s floor price has plumetted from 14.5 ETH to 8 ETH, showing how far the hype has cooled.Yet, not all signals are bearish.
The Ethereum Foundation just launched “The Torch” NFT to celebrate its 10th anniversary, proving major players still see value in the ecosystem. At the same time, the NFT narrative itself is evolving:
Collectibles: Pokémon cards are emerging as a crypto crossover trend.
Art Integration: Emerging projects like LiveArt ($ART) are blending traditional art with NFTs, attracting both collectors and degens. Had a sneak peek at their collections before launch and they look much like a hybrid with lots of potentials (just my opinion though).
The question isn’t whether NFTs are dead, but whether they can adapt. The ecosystem seems to be shifting rather than disappearing.
