Are NFTs dead in 2022? – 3 reasons why they will remain relevant in the future

Non-fungible tokens (NFTs) have seen massive hype in 2020 and 2021. But in recent months, the bear market has caused a sharp loss of interest in the non-fungible token. Trading volumes fell sharply. Are NFTs already dead?

We want 3 reasons tell why NFTs will continue to be relevant for years to come and why the next hype is sure to come.

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Why did the trend around NFTs die out in 2022?

The flattening of the trend around non-fungible tokens (NFTs) is mainly due to the cryptocurrency bear market. Bitcoin price has lost around 75% of its value in the past 12 months. Altcoins especially saw even heavier losses. It also caused profits from trading the tokens to plummet.

NFT

In a bear market, people interested in the short term will leave and move on. Only people who are passionate about NFTs remain. Of course, this means that trading volumes on NFT exchanges like OpenSea and also general interest in non-fungible tokens are down.

Why can NFTs remain relevant in the future?

Doubts are also emerging as to whether NFTs really have a greater benefit for people or if it is just short-term hype and an industry with many scams. However, we give 3 reasons why NFTs will also be useful and effective in the long run.

1. NFTs secure ownership

Over the past few years and decades, the subject of property and possessions has become increasingly controversial. For one thing, fewer and fewer people can afford property in the real world. On the other hand, the digital world brings with it greater challenges for the subject of real life.

Invest NFT

Non-fungible tokens secure ownership in the digital world and thus give people the security of owning digital assets. The issue of digital ownership is universal and will only grow in relevance in the years to come. NFTs offer an excellent solution.

2. You can guarantee competence in the digital space

It’s not just digital assets that can be assigned to a person through NFTs. Doctoral or master’s degrees, for example, can also be clearly attributed to the person who acquired them. This prevents title fraud, which has become easier in a digital world.

In general, NFTs can clearly demonstrate a specific skill or achievement in an individual. This makes the digital world fairer and brings the values ​​of performance and competence back to the fore.

3. You have huge marketing potential

NFT technology was already used in the big hype by companies like Adidas, Nike or Gucci. You can criticize these companies. Nevertheless, the NFT campaigns of these companies show that the marketing potential with NFT is enormous.

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In the future, more and more small and medium enterprises are expected to use NFTs as a marketIng tool can implement. This could become more mainstream as the technology spreads and will also offer tremendous value to the masses.

Is it still worth investing in NFTs at the moment?

The hype surrounding NFTs has waned significantly in recent months. It also means that there is less capital flowing into the region and potential returns are reduced. However, it also leaves room for more sustainable projects that you can invest in for the future.

An investment in NFTs could therefore be particularly attractive even in these bearish times. Use this time to get more involved in NFT projects and see which projects could bring you lasting added value!

If you want to invest in NFTs, you can safely and reliably use the largest NFT trading exchange Opensea.


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We currently have an exciting test offer for you! you can our Premium Membership Try it for €1/day for the first month. Consider giving it a try if you want to stay updated on the crypto market! You will receive trading ideas and professional trading support in the premium area. In addition, you will often receive information on the latest crypto trends at an early stage! So could our customers also buy various NFTs early enough. If you want to know more about our Premium trial offer, then Click here!

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