For anyone who managed to jump on the NFT bandwagon before it turned into a rocketship to the moon, it’s been quite a ride. Prices for the earliest, most well-known collections have exploded, making a lot of early adopters insane amounts of money and many new millionaires. However, for anyone just now getting into the NFT space, the ride is getting quite a bit bumpier, and moonshots are not as easy to come by.
Keep in mind that every popular cultural phenomenon has cycles. Like a song on the radio, what’s getting overplayed today might be considered a one-hit-wonder in a few years’ time. There will be a few big hits that climb the charts, and even those will begin to fall to a plateau.
Non-fungible tokens (NFTs) are already becoming a buyers’ market. And a tsunami of new NFT projects will be making landfall over the course of this year. Unfortunately, this massive rise in supply is unlikely to be accompanied by a comparable rise in demand.
So how do newcomers who are attracted
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