Exploring the Past and Future of NFTs
Dubai, UAE, 12th July 2024, NFTs garnered significant attention a couple of years back, causing many people outside the cryptocurrency industry to wonder about their popularity, which was unforeseen for many. So, let’s explore NFT’s rapid rise to unbelievable popularity, the reasonably anticipated fall, and future prospects.
The NFT Craze
The craze for NFTs began to grow during the COVID-19 pandemic. Unable to go out, people immersed themselves in social media, and both digital art and crypto had their chance to attract the attention of a much larger audience than before. The extravagant high-priced sales of digital art and collectibles further boosted the trend. Buyers were drawn by the idea of acquiring something exclusive, sought-after, and fun, with many focusing on a seemingly high ...