Dear Readers,

The years after the Covid waves hit in 2020, there were various developments happened around the blockchain arena.

The metaverse and NFTs were highly talked by most of the people around the globe. 

Till the FTX collapse news burst in the late 2022, there were potential anticipation by the traders and investors that cryptos, NFTs would be sky-rocketeted for ever and they anticipated ( most of them) a huge and steep fall that would be continued for years. 

We have also witnessed that the founder of Microsoft Bill Gates narrated NFTs that NFTs are 100% based on greater fool theory and commented that the expensive digital images of monkeys will improved the world immensely. 

Various news hit the headline that NFTs were sold with billions of dollars.

Sportsmen, artists found the NFT space an other ideal opportunity to mint money with their works and some of them also they started to invest in the NFT based companies as well.

In the same period various firms were also started to enter into the NFT arena. 

There was a huge expectation and reactions once e-bay, one of the largest online marketplace company and market leader based at US which has a presence of over 160+ countries entered into the NFT arena with the acquirement of Knownorigin- the top quality marketplace of the digital artwork NFTs. This company is known for its careful selection of NFTs into its sites to list in the marketplace. With the partnership with the much acclaimed entity Oneof, there was going good for EBay in the NFT space/ initiative.  

Having after the acquirement, the Web3 entry by EBay was highly expected.

Contrary to the expectations, the recent lay off of 30% of its Web 3 domain by EBay, the left of Stef Jay- the Business and Strategy Head, The Founder David Moore's inactiveness with Ebay, escalating difference between EBay and Knownorigin, leads to the anticipation that whether Ebay is exiting from the NFT space. 

As these troublesome insight information makes a unclear view of the NFT future of EBay. 

There is a wide dilemma among all the sections of the people that whether the NFT would gain again.

But the future of the NFT market outlooks much promising with the wider adoption of technological advancements globally.

The famous platform for NFT Opensea is also facing some competitions with the newly establish platforms like BLUR shows the interest level on NFTs in the space 

We can expect NFT space would be booming sooner or later in the future!