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Why reports of the death of NFTs are greatly exaggerated

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Despite declining trading volumes, experts argue that NFTs are not dead but maturing. The focus is shifting toward sustainability, real-world utility, and broader technological integration, indicating a healthy evolution of the market.

The narrative surrounding non-fungible tokens is evolving. Following a period of explosive growth and a subsequent decline in trading volumes, some members of the crypto community are questioning whether digital collectibles remain viable.

“Recent trends indicate a maturing of the market after the explosive growth witnessed over the last few years. We’re moving into a phase where the focus is on sustainability, real-world utility, and integration into broader technological ecosystems.” Oh Thongsrinoon, the chief marketing officer at Altava Group, which connects luxury brands to Web3, echoed the sentiments. “As with any cycle, there’s a peak, and if we observe the NFT space, the tokenization of real-world assets is growing healthily.

"Absolutely not. NFTs are evolving beyond collectibles into tools for digital ownership and utility. Market corrections are normal and signal maturation.”

 

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