Global NFT market value has fallen below $1.5 billion, returning to levels seen before the industry’s boom in 2021. The decline brings NFT valuations back to the pre-boom baseline, reflecting a broader reversion in investor sentiment. The market appears to be cooling after the earlier surge and remains subject to ongoing uncertainty.
Analysts note that liquidity has tightened and activity across major NFT categories has slowed. The move undercuts the speculative fever that fueled earlier gains and points to a more cautious near-term outlook for the sector. For now, the NFT market’s longer-term viability remains a matter of debate as participants weigh use cases, adoption prospects, and potential macro headwinds shaping the space.
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