nftcomeback

What Is an NFT?
An NFT (Non-Fungible Token) is a unique digital asset recorded on a blockchain that proves ownership and authenticity of a specific item. Unlike cryptocurrencies, which are interchangeable, each NFT is distinct and cannot be exchanged on a like-for-like basis.

NFTs were introduced to solve three core problems in the digital world:
Digital ownership: Proving who owns an original digital file.Creator monetization: Allowing artists to sell directly and earn royalties on resales.Verifiable scarcity: Creating limited digital assets with transparent supply.
The Rise: 2021-2022 Boom
The NFT market surged into global attention in 2021. Digital artworks sold for millions of dollars. Profile picture collections became online status symbols. Celebrities, influencers, and brands launched NFT collections. Trading volumes on major marketplaces reached billions per month.
The narrative was powerful: digital ownership had finally arrived.
Speculation fueled rapid price appreciation. Early buyers enjoyed exponential gains. Media coverage fueled demand. For a moment, NFTs embodied the forefront of Web3 culture.
The Collapse: 2022-2024 Downturn
As broader crypto markets declined, NFT trading volume plummeted. Floor prices in major collections dropped substantially from peak levels. Liquidity evaporated. Many projects went dark or abandoned.

Retail investors who entered for short-term gains left the market. Headlines started declaring that NFTs were dead.
But market shrinkage doesn’t necessarily mean technological obsolescence.
Why Many Believe NFTs Are Dead
Several inherent flaws were revealed during the downturn:
Speculation without utilityThousands of low-quality copycat projectsMisunderstanding of risk among new investorsCelebrity projects that failed to deliverLack of sustainable long-term demand
For many in the market, NFTs were considered trading vehicles rather than ownership technology. Once price momentum disappeared, so did interest.
The Logan Paul Case: A Symbol of the Cycle
Celebrity involvement was a major factor in the acceleration of NFT mania. One such celebrity was Logan Paul and his involvement in NFT projects, such as CryptoZoo.
During the 2021 NFT market peak, Logan Paul bought an NFT from the 0N1 Force collection for around $635,000. At the peak of the bull market, such purchases were considered digital status symbols and long-term cultural assets.
Recent market information indicates that the same NFT is now worth around $155. This is a fall of over 99.9% from its original purchase price.

This extreme price drop highlights several inherent realities of the NFT market:
Peak prices were driven by hype and social momentum.Liquidity within the NFT market is highly cyclical and demand-driven.Many profile picture collections lacked sustainable revenue streams or utility models.
CryptoZoo also received criticism and legal challenges for failing to deliver on expectations, further fueling public disillusionment with celebrity NFT projects.
Recently, Logan Paul made news again by selling a rare physical Pokémon card for around $16.5 million. Although this sale was record-breaking, it was not a revival of the digital NFT. Rather, it brought attention to the difference between traditional markets for collectibles, which have deep liquidity and demand, and the volatile NFT market.
The case does not represent the failure of NFT technology. It shows how a speculative price structure, unconnected to long-term utility, can rapidly unwind once market sentiment changes.
What Actually Died
What has largely died is:
Rapid flipping for guaranteed profitsHype-driven influencer cyclesLow-effort JPEG collections with no utilityIrrational valuations unconnected from real demand
The speculative bubble popped. The infrastructure is still there.
What Is Still Developing
Although trading volumes are down, NFT technology is still developing in terms of use cases:
Gaming: Ownership of in-game items and digital economiesTicketing: Fraud-proof digital ticketsMembership systems: Token-gated communities and loyalty programsDigital identity: Verifiable credentials and online authenticationReal-world asset tokenization: Representation of physical assets on blockchain networks
These applications are less about speculation and more about utility.

Market Cycles and Innovation
It is a pattern of history that new technologies go through speculative market cycles before reaching maturity. Interest accelerates, capital pours in, and a bubble forms. Eventually, a correction occurs.
After the correction, serious builders are left. Infrastructure develops in the background. Regulation becomes more defined. The technology moves past the hype cycle.

The NFT market seems to be at this point in time.
The Structural Shift
The initial NFT market was all about digital collectibles and profile picture projects.
The next wave could be characterized by:
Smooth integration into apps and gamesUtility that users interact with but are unaware ofInstitutional testingMore defined regulatory frameworks
In this scenario, NFTs could become invisible infrastructure rather than a hype asset.
Final Verdict
NFTs are not dead.

The hype cycle is over. The speculative bubble has burst. Many initial projects have failed.
However, the underlying technology is still in place.
High-Value Sales Still Occur
Utility-focused NFTs are quietly developing outside the spotlight.

The future of NFTs will probably be more subdued, more utility-focused, and less about the headlines.

#NFT​ #NFTComeback

Who Can Create NFTs?
Virtually anyone with Internet access can create NFTs — a testament to the open, decentralized, and accessible nature of blockchain technology. The accessibility and democratization of blockchain technology has allowed artists, musicians, game developers, and well, quite literally anyone to create and experiment with NFTs. However, it's also important to note that creating NFTs requires some understanding of blockchains and t
How to Create an NFT
Step 1: Choose a blockchain
Choose the blockchain platform on which you want to create your NFT. While Ethereum is widely used, there are several suitable options, such as BNB Chain, Cardano, Solana, and EOS. You can start by researching each platform's specific requirements, fees, and compatible wallets before making your choice.
The blockchain you choose will keep a permanent record of your NFT, so it's important to choose one that best suits your needs. Note that you cannot change your choice of blockchain once your NFT is minted.
Step 2: Set up a digital wallet and fund it with crypto
Create a crypto wallet compatible with your chosen blockchain to manage your NFTs and cryptocurrency. Be sure to store your private key or seed phrase securely; losing either could result in loss of access to your wallet and assets.
You will also need to buy the native cryptocurrency of your chosen blockchain to pay the gas fees incurred when minting your NFT. You can purchase this on a cryptocurrency exchange or through your wallet, depending on how the wallet works.
Step 3: Choose an NFT platform
Choose a platform to create your NFT and make sure it's compatible with your chosen blockchain and wallet. In fact, there’s an ever-growing list of NFT marketplaces that allow you to create NFTs without much hassle. Furthermore, some of them are full-service NFT marketplaces that allow everything, from minting to listing and selling NFTs.
Step 4: Create your NFT
The specific options and steps for NFT creation may vary depending on your chosen NFT marketplace. As such, you must familiarize yourself with the interface before creating an NFT. Still, you can remember these generalized instructions for creating an NFT on an NFT marketplace:
Connect your wallet: Look for the option to connect your digital wallet on the selected NFT marketplace.
Find the “create NFT” option: In the marketplace, look for a "Create" or "Mint" section that will guide you through the NFT creation process. This usually includes options for uploading your media file, setting the NFT’s features, and providing additional information.
Creating a media file: The tools for creating an NFT can vary depending on the type of digital asset you want to create. For example, to create digital art, you should look for specialized software for images, illustrations, or animations.
Artists can also use specialized software that allows them to create and manipulate 3D objects, add textures and materials, and export the final model in the correct format. Similarly, photographers can use editing software to refine the final image. Or, you can even use AI in the NFT art-creating process using just text prompts.
Be sure to use the correct media files, such as JPG and PNG for digital art and GLB for 3D artwork.
Upload your media file: Upload the image, audio or video file, or other media you want to tokenize as an NFT.
Fill in the details: Give your NFT a name and description. You may also want to add additional perks, such as access to exclusive content or benefits (like tutorial videos or invitations to closed chat groups). Limiting the number of NFTs that can be created is also a popular option but it may or may not be suitable, depending on the context.
Create your first NFT: After providing all the necessary information and deciding on the settings (including your choice of blockchain), click the "Create" or "Mint" button. The platform will process your request and your NFT will be created.#NFTCollection #NFTComeback