Luca Netz Reveals Tactics BAYC NFT Maker Used To Get Early Success
The global non-fungible token market has cooled considerably from its previous all-time highs, with trading sales volume, sales counts, and floor price values plummeting to their weakest levels since 2020. The NFT market gained significant momentum in 2021, with the total market turnover surging to approximately $13 billion, a dramatic increase from just $33 million in 2020. The NFT Market Health Since 2020 This historic NFT boom was driven by cultural phenomena like Beeple’s $69 million art sale and the popularization of avatar collections such as CryptoPunks and Bored Ape Yacht Club, which established NFTs as a significant digital asset class and sparked widespread interest. This market bull run was largely fueled by a huge increase in retail investor participation, mainstream celebrity and NFT brand adoption, and rapid innovations in blockchain technology. The mainstream NFT adoption led to the creation of many NFT projects. Fast forward to 2025, many NFT projects are down, ...