NFT, an acronym for non-fungible token, dominated the digital space in 2021. With million-dollar digital artwork sales, celebrity endorsements and eye-popping deals, NFTs fast evolved to be something more than tech buzzwords. However, like all trends, the market for NFT cooled down in the following years and many have started to wonder if NFT will ever recover?
This article looks at where NFTs came from, the present state of things and what we can learn, now that the dust has settled, about whether there’s still a future for NFTs, or if it was just a fad like Beanie Babies.