FreeCryptoCurrency.Me

Quick Take

• This piece summarizes key themes that have influenced the NFT market in the first half of 2022
• After reaching an all-time high of $16.6B in January, NFT trading volumes have since consistently declined
• Airdrops have emerged as an essential tool to capture NFT traders’ attention, while free mints have cast their spell on the space in the face of a major market downturn
• NFT projects are enacting increasingly diverging strategies in terms of IP rights that gravitate towards both extreme ends of the spectrum
• NFT financialization protocols have sprung up but still lack sufficient base liquidity

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