NFT Market Comes Roaring Back as Ethereum Rises

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The market for crypto collectibles sold as NFTs cooled down in recent months following the spring boom, but a recent flurry of high-dollar sales and staggering levels of trading volume suggest that NFTs are gaining momentum again.
NFTs exploded in popularity in early 2021, with some $1.5 billion in trading volume in the first quarter alone per DappRadar—a 2,627% year-over-year increase. Dapper Labs’ NBA Top Shot helped introduce NFTs to the mainstream, CryptoPunks cracked seven figures apiece, and celebrities made millions while brands like Taco Bell and Charmin jumped in on the trend. Whether it was a still image, video clip, tweet, or some other digital item tokenized on a blockchain, NFTs were selling like hotcakes.

But then the momentum seemed to fade. Critics called NFTs a fad and complaints about the environmental impact of Ethereum minting got louder, Top Shot prices fell off a cliff, and attaching a celebrity or athlete to an NFT drop was no longer a guarantee of success.

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Źródło: https://decrypt.co/77501/nft-market-roaring-back-ethereum-rises

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