NFTs Shift from Hype to Utility
Update: 2025-12-24
Description
NFTs: From Hype to Utility - The Evolution of Digital AssetsThe NFT market has experienced a significant cooling down since its peak in 2021, with sales dropping by 63% in the first quarter of 2025 and monthly volumes plunging by 76% in March. However, some collections like Pudgy Penguins and CryptoPunks are still thriving due to their practical uses and ties to the real world. The shift towards utility, community, and real-world applications is evident, with platforms like OpenSea and Courtyard blending blockchain with trading cards and real assets.
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