Return of the NFTs?


The vibes are back and so are non-fungible tokens (NFTs). That’s right, while we’ve been speculating that NFTs feel like they may have turned a corner, now the numbers confirm it. Last month’s total NFT transactions and unique sellers reflect that we had our highest month of NFT transactions in well over one year, with nearly 9 million unique transactions in May. Only January and February 2022 were higher with 11.2 million and 10.3 million transactions.

Before we get too excited we need to understand that the NFT landscape is vastly different from last year. Today, we have projects like DMarket’s gaming skins on Mythos Chain, which did over 2 million transactions in the past 30 days alone. Still, growth isn’t measured in just sales, and the May turnaround just might indicate that mass adoption is happening right under our noses.

Speaking of growth, it’s happening in every corner of NFTs. From Bitcoin to art, and even a new reputation ranking system driven by crypto, Web3 is evolving at a blistering pace.  

Remember, if you build it, they will come. So let’s get…

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