NFTs – what became of them?
NFTs (non-fungible tokens) are unique digital proofs of ownership on the blockchain. Every NFT is one of a kind – unlike Bitcoin, where every coin is the same.
The hype (2021–2022):
• Bored Ape Yacht Club NFTs: up to 3 million dollars each
• Beeple's "Everydays": 69 million dollars at Christie's
• CryptoPunks: up to 23 million dollars
• Total market 2022: over 25 billion dollars in sales
The reality (2024–2026):
• 95% of all NFTs have completely lost their value
• Trading volume: −90% compared with the peak
• Many celebrities who promoted NFTs were sued
• Most NFT marketplaces have closed
What remains: the technology (digital property rights on the blockchain) has potential – for concert tickets, ID documents, certificates. But as an object of speculation, the NFT hype was a textbook bubble.
📚 NFTs – what became of them? understood?
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