The NFT boom that started last year cooled off as the crypto market entered the bear market, which also let people see the endurance of different projects and the speed of the hype out of the circle.
According to an interview with TechCrunch with Solana co-founder Raj Gokal, who is fairly optimistic about the future of NFTS, a new wave of NFTS will come out this year. He says a new wave of NFTS will arrive and be in the hands of millions of people in the third or fourth quarter of this year.
I think there are 50 different ways NFTS can be used, and at the moment they all seem to be lumped together in one use.
I think we’re all looking forward to crypto projects developing new uses for NFTS.
In the interview, he also said that rather than constantly worrying about how Solana’s ecosystem is going to evolve, it’s much more exciting to work with Solana’s developers and creators to promote the ecosystem as a whole.
According to NFT data monitor CryptoSlam, NFT trading volume on Solana has dropped 22.65% in the past week, with a total transaction value of $11,006,749.
NFT trading volume on the Ether chain rose 8.06% during the week, with a total transaction value of $126,029,995.