NFT visionaries are doubling down on community ethos amid a bearish cycle

Cointelegraph

Published May 15, 2022 03:37AM ET

Updated May 16, 2022 05:40AM ET

The fever-pitch euphoria of nonfungible tokens (NFT) reached its proverbial all-time highs in the hours preceding the calamitous gas wars of the Otherside metaverse land sale.

But, by most reputable accounts, following almost a year of frantic exponential growth, rife speculation and cultural spotlighting, the market was long overdue a respite — a hiatus from minting drama. It has now subsided and officially entered its inaugural bearish cycle.

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