Just yesterday, a BAYC holder sold his NFT (once worth $400k) for only $37k. In less than three weeks, BAYC’s floor price fell from 14.5 ETH to 9 ETH — a sign of how far the NFT hype has cooled. Yet, at the same time, Ethereum Foundation launched “The Torch” NFT to mark its 10th anniversary, showing there’s still interest from major players.

We’re also seeing shifts in the NFT narrative:

Collectibles: Pokemon cards are gaining traction as a crypto crossover.

Art Integration: Projects like LiveArt (ticker $ART) are merging traditional art with NFTs, drawing attention from collectors and degens alike.


The ecosystem seems to be evolving rather than dying. But the big question is: will NFTs surge again in this bull cycle, or are they destined to remain a niche market?