Why WGP Global Believe It�s Nonsense To Suggest The NFT Boom Is Already Over

Ronnie06 May, 2021Business

They are one of the fastest growing collectibles particularly in relation to sporting memorabilia or art, the latter of which saw an NFT sold by Beeple for an incredible $69.3m. Some industry insiders would have you believe that NFT?s, despite being a relative new phenomena, have already hit their peak as a result of deals such as Beeple?s. Although average prices have dropped as much as 70 percent since February 2021, the pattern that?s been emerging is no different to that which the likes of Bitcoin saw not long after trading in the digital currency began. The internet is awash with traders regretting wholesale transfers of their cryptocurrency, given that they?d now be digital millionaires if they?d held their nerve and ridden the storm of a few months ago.