Hello guys, I hope you're all doing well.
NFTs are one of the biggest marketplace that attract lots of investment but now struggling to survive.
In the beginning, I always think that nfts are just another scam and only introduced to acquire lots of funding from the market in the name of metaverse and digital assets, but later on the popularity and high selling price attract me towards them, all their big news and high price are one of the biggest factors of nfts to stay in news and creates hype around the market not only to maintain value but also for the new upcoming projects, later on their market tactics and over popularity made them one of the best assets to survive in the lowest on the market but at the mid of 2023 the fame and value just lost in market.
What are NFTs?
NFTs or Non-fungible tokens are digital assets that cant be duplicate and presented on blockchain as a unique token.
NFTs : Is their a Comeback?
Crypto market is thriving and so the market is booming with money that leads us to look at the other factors in the market where big companies are announcing partnership and expanding the market for NFTs and Web 3.
There is a need to enter a different space for assets and they are looking for NFTs ,as it's easier to attract new crowd (Gen Z) and could airdrop to introduce and promote new products , some of them are excited for future, cause their a lots of work happening behind and NFTs could over in about 2-3 years, where we are excepting bull Run in 2024 seems like NFTs need more time.
In my opinion, NFTs could be a good assets but we are still lacking technology of Web 3.0 and still way behind to create it,People recently started to explore Web 2.0 and it's gonna take time for people to change a bit for new.
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