Too Long; Didn’t Read
NFTs, after a massive boom in 2021 and a significant crash in 2022, showed signs of revival in late 2023 thanks to a bullish crypto market and innovations like Bitcoin Ordinals and Solana’s growth. With a more mature and diverse market, increased utility across various sectors, and positive market sentiment, NFTs are poised for a potential recovery in 2024. Challenges like scams and regulatory issues remain, but the outlook is optimistic for NFTs to find broader adoption and utility beyond just collectibles.