The NFT bubble may have popped, but the sector is still primed for expansion

Cointelegraph

Published Jun 05, 2021 04:11PM ET

Updated Jun 05, 2021 06:00PM ET

Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their own one-of-a-kind digital art pieces dominating the mainstream media.

Fast forward a few months and the narrative has shifted to the 'NFT bubble' popping and doom and gloomers warning that NFT investors are on the verge of losing all of their money.

NFT market 1-year history. Source: NonFungible
Number of active wallets on NFT marketplaces. Source: NonFungible
Total number of sales on NFT marketplaces. Source: NonFungible
Top 5 NFT marketplaces. Source: DappRadar

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