{"id":4520,"date":"2022-06-27T15:26:12","date_gmt":"2022-06-27T07:26:12","guid":{"rendered":"https:\/\/blog.btse.com\/?p=4520"},"modified":"2023-03-07T06:17:15","modified_gmt":"2023-03-07T06:17:15","slug":"is-the-demise-of-nfts-around-the-corner","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/","title":{"rendered":"Is the Demise of NFTs Around the Corner?"},"content":{"rendered":"<p><em>Written by Antonio Liao, Researcher at BTSE<\/em><\/p>\n<p><b>At a Glance:\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Although the NFT market is currently undergoing a downturn, coupled with the \u201ccrypto winter,\u201d calling the downturn a \u201cdemise\u201d of NFTs may be an overstatement. <\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">The overall market performance of NFT cannot be simply judged by their values, but as well as their users and trading volumes, which are all indicating a positive outlook for this novel technology. <\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NFTs\u2019 underlying blockchain technology has enabled them to be more than collectibles and artworks. In fact, NFTs have various real-life utilities that can be more attainable and highly beneficial to us.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><b>A Little About NFTs\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Non-fungible token (NFT) is a term that no one had really ever heard of before early 2021. In a matter of weeks, it became one of, if not the most talked about topics in DeFi. An NFT, at its core, is a tokenized set of blockchain data for any digital or physical object. And the blockchain-enabled unmodifiable data provides immutable proof of ownership.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From digital artworks to real estate, or even wine, each NFT is unique, with no two identical NFTs. The scarcity and authenticity of an NFT collection had fueled the hype surrounding NFTs, driving up the values of some NFTs on par with those of some Renaissance artworks. The logic behind the hype is simple: regardless of how many copies of the Mona Lisa there are around the world, the one in the Louvre will always be the one and only.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To date, the most expensive NFT ever sold is <\/span><i><span style=\"font-weight: 400;\">Everydays: The First 5000 Days <\/span><\/i><span style=\"font-weight: 400;\">by Beeple, which was sold for $69.3 million, followed by <\/span><i><span style=\"font-weight: 400;\">Clock<\/span><\/i><span style=\"font-weight: 400;\">, which was sold for $52.7 million. Of course, you can copy and paste any of these NFTs and make them your desktop wallpaper, but you still do not own the NFT.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not all NFTs are sold at Sotheby\u2019s or Christie\u2019s, as the immense popularity of NFTs has lowered the entry barrier, in which anyone is able to purchase an NFT for as little as 0.08 ETH by an amateur artist or as much 1,000 ETH for a BAYC on NFT marketplaces.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To tap the lucrative NFT space, celebrities around the world have launched their own NFTs, whether they are digital artwork or songs. While many of their floor prices plummeted shortly after launch, NFTs have quickly become one of the most popular tools to create buzz.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the question is whether the $3-billion NFT ecosystem can sustain itself as the hype wanes, coupled with the worst-ever \u201ccrypto winter.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><b>So, Is This the End?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The short answer is No, but let us first delve into the case for NFT\u2019s demise.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Last year and earlier this year, we have seen the meteoric rise of NFTs in popularity translated into billions of dollars in sales. From practically an unheard-of DeFi project to the most sought-after darling of entire Web3, NFTs had bloated into a <\/span><a href=\"https:\/\/go.chainalysis.com\/nft-market-report.html\"><span style=\"font-weight: 400;\">$41 billion market<\/span><\/a><span style=\"font-weight: 400;\"> in 2021.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFT sales, however, plummeted by 92% this year from 225,000 registered sales per day in September 2021 to a mere 19,000 in early May, according to the <\/span><a href=\"https:\/\/www.wsj.com\/articles\/nft-sales-are-flatlining-11651552616?mod=lead_feature_below_a_pos1\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> presented by the Wall Street Journal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another indicator, albeit less prominent and more referential, is the dwindling searches for the keyword \u201cNFT\u201d on Google, according to Google Trends. Despite soaring interest in NFTs and metaverse in 2021, Google Trend shows that, since 2022, searches for NFTs dwindled by 70+% in May 2022, hitting a new low.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5682 size-large\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Source-Google-Trends.png?resize=1024%2C452&#038;quality=75&#038;ssl=1\" alt=\"Source: Google Trends\" width=\"1024\" height=\"452\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Source-Google-Trends-980x432.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Source-Google-Trends-480x212.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/p>\n<p><a href=\"https:\/\/trends.google.com\/trends\/explore?q=NFT\"><i><span style=\"font-weight: 400;\">Source: Google Trends<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, on the creators\u2019 side, the year 2021 saw a horde of celebrities flocking into the NFT space, dropping their own collectibles, ranging from artworks or audio files. However, the hype on which many celebrities planned to capitalize was rather short-lived, as shown by the nosediving floor prices of most celebrity NFTs after their launch. Today, most celebrity-NFT projects seem more like mere gimmicks than collectible artworks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not only are amateurish celebrity NFTs suffering, but wildly popular NFT projects such as CryptoPunks, Moonbirds, and Bored Ape Yacht Club are also suffering from tumbling floor prices amid the worst crypto turbulence ever seen.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, compared to late April, the floor price for a Bored Ape Yacht Club NFT is now down 78% and has fallen below $100,000 for the first time since August 2021. Meanwhile, the floor price of a CryptoPunk NFT has dipped to 48 ETH from its all-time high of 123 ETH.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5683 size-large\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Floor-Price-of-Popular-NFTs.png?resize=1024%2C538&#038;quality=75&#038;ssl=1\" alt=\"Floor Price of Popular NFTs\" width=\"1024\" height=\"538\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Floor-Price-of-Popular-NFTs-980x515.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Floor-Price-of-Popular-NFTs-480x252.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/p>\n<p><a href=\"https:\/\/www.theblockcrypto.com\/data\/nft-non-fungible-tokens\/art-collectibles\/floor-price-of-art-and-collectibles-nfts\"><i><span style=\"font-weight: 400;\">Source: The Block Crypto Data<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The nosedive in the values of some popular NFTs has forced celebrities to rethink their NFT promotional drive, as we see a number of them facing backlashes and removing NFT-related content from their social media accounts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the nosediving floor prices and values of NFTs have caused some sleepless nights for investors, they only tell one side of the story.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, here is why NFTs will live on.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a recent <\/span><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/non-fungible-tokens-market-254783418.html#utm_source=referral&amp;utm_medium=prnewswire&amp;utm_campaign=paidpr\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> by market research firm MarketsandMarkets, the NFT market is expected to grow from US$3 billion in 2022 to a whopping US$13.6 billion by 2027, which will be largely driven by a burgeoning GameFi industry. Meanwhile, the rising popularity of various to-earn projects will even fuel faster growth of the NFT space.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To tap the lucrative opportunities, major centralized crypto exchanges such as Crypto.com, Coinbase, Kucoin, Ledger, and Kraken have all recently made forays into the already crowded NFT space by launching their own NFT marketplaces. Traditional tech companies such as eBay, Shopify and even Gamestop, a sunsetting brick-and-mortar retailer, are all tapping the lucrative NFT space.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In April, Ethereum-based OpenSea heated up the competition with its biggest competitor Magic Eden, by enabling Solana-minted NFT trading on OpenSea, reshaping the NFT competitive landscape.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the so-called \u201cCrypto Winter\u201d began, NFT trading volumes across major marketplaces for top NFT collections such as Bored Ape Yacht Club, Mutant Ape Yacht Club, Crypto Punks, and Sorare have seen an increase in trading volume as investors flocked in to take advantage of the tumbling floor prices, which largely correlate the crypto market. Many of them believe the values of these collections will rebound once the \u201cwinter\u201d ends.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5684 size-large\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Top-NFT-Collections.png?resize=1024%2C852&#038;quality=75&#038;ssl=1\" alt=\"Top NFT Collections\" width=\"1024\" height=\"852\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Top-NFT-Collections-1024x852.png 1024w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Top-NFT-Collections-980x816.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/Top-NFT-Collections-480x399.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/p>\n<p><a href=\"https:\/\/dappradar.com\/nft\/collections\"><i><span style=\"font-weight: 400;\">Source: DappRadar<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">That said, given the engrained interest in NFTs and their collectibility, NFT buyers and sellers continue to demonstrate their beliefs in NFTs with actions. As seen from the graph by blockchain data platform Dune Analytics below, the number of traders in recent weeks, despite the market turbulence, has been rather stable.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5685 size-large\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Buyers-and-Sellers.png?resize=1024%2C271&#038;quality=75&#038;ssl=1\" alt=\"Top NFT Collections\" width=\"1024\" height=\"271\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Buyers-and-Sellers-980x259.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Buyers-and-Sellers-480x127.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/p>\n<p><a href=\"https:\/\/dune.com\/queries\/139377\/275323\"><i><span style=\"font-weight: 400;\">Source: Dune Analytics<\/span><\/i><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><b>More Than Just Pixel Art Images<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To most people, NFTs have become a synonym of exclusivity reserved for the rich and privileged, with the floor prices of popular NFT collections such as BAYC and Cryptopunks kept breaking record highs. Even under the current climate, these NFTs are still unattainable for most.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, NFTs, thanks to their blockchain technology, have utilities well beyond being artworks and collectibles. In fact, as fancy as NFTs can be, they are gradually becoming adopted by some of the most conventional industries and businesses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from artworks and collectibles, <\/span><a href=\"https:\/\/www.forbes.com\/sites\/forbesbusinesscouncil\/2022\/02\/16\/nfts-and-the-future-of-commercial-real-estate\/?sh=52309b1a9bac\"><span style=\"font-weight: 400;\">real estate<\/span><\/a><span style=\"font-weight: 400;\"> is one of the first non-crypto industries to adopt NFTs. By snapping on various characteristics &#8211; traceability, interoperability, immutability, authenticity &#8211; of an NFT\u2019s underlying blockchain technology, real estate transactions, and ownership can become more streamlined. Essentially, the transfer of ownership of a piece of real estate can be done within minutes with the transfer of the property-backed NFT.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another real-life use case of NFTs takes place in the <\/span><a href=\"https:\/\/ownest.io\/en\/\"><span style=\"font-weight: 400;\">supply chain industry<\/span><\/a><span style=\"font-weight: 400;\">, where traditional businesses such as aquaculture and agriculture companies work with blockchain solution providers to optimize supply chain management and quality assurance. Although a nascent idea, an NFT\u2019s traceability, and immutability allow goods to be tagged and tracked across the supply chain that stretches beyond borders to ensure the authenticity and value of their products.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As businesses capitalize on NFTs to streamline and optimize their operations, another group that has benefited greatly from the rise of NFTs is independent artists. Not only do NFTs and Web3, in general, offer a level playing field for rising artistic talents, but artists are also now given immutable ownership of their works, without a middleman. Interactions between artists and their supporters are also redefined with the sale and distribution of NFTs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With all that said, NFTs are more than what they are advertised to be, and their use cases are so numerous that they can easily warrant an article on their own.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Closing Thoughts<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Indeed, the heyday of the NFT frenzy may be long gone, but that does not necessarily mean the demise of NFTs is around the corner. The blockchain industry, not to mention NFT or cryptocurrencies, as a whole is still in its infancy, which, unavoidably, is still rife with risks and speculations. However, it does not warrant the case for the demise of NFTs or even the death of Bitcoin during this market downturn.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the rise of the metaverse and all types of dApps that come along with it, NFTs will play an increasingly indispensable role to complement the technology. Whether it is virtual concert tickets or virtual real estate purchases in the metaverse, none of these activities can take place without NFTs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead, how prevalent\u00a0 NFTs will become in real life still remains to be seen. But it is an indisputable fact that, as soon as the \u201ccrypto winter\u201d is over, NFT collectibles and artworks will live on, perhaps more vibrantly than ever.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i> or on Twitter @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i><span style=\"font-weight: 400;\">Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by Antonio Liao, Researcher at BTSE At a Glance:\u00a0 Although the NFT market is currently undergoing a downturn, coupled with the \u201ccrypto winter,\u201d calling the downturn a \u201cdemise\u201d of NFTs may be an overstatement. The overall market performance of NFT cannot be simply judged by their values, but as well as their users and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5686,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-4520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is the Demise of NFTs Around the Corner? &#8212; BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the Demise of NFTs Around the Corner?\" \/>\n<meta property=\"og:description\" content=\"Written by Antonio Liao, Researcher at BTSE At a Glance:\u00a0 Although the NFT market is currently undergoing a downturn, coupled with the \u201ccrypto winter,\u201d calling the downturn a \u201cdemise\u201d of NFTs may be an overstatement. The overall market performance of NFT cannot be simply judged by their values, but as well as their users and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/\" \/>\n<meta property=\"og:site_name\" content=\"BTSE Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-27T07:26:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-07T06:17:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"BTSE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:site\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BTSE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Is the Demise of NFTs Around the Corner? &#8212; BTSE Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/","og_locale":"en_US","og_type":"article","og_title":"Is the Demise of NFTs Around the Corner?","og_description":"Written by Antonio Liao, Researcher at BTSE At a Glance:\u00a0 Although the NFT market is currently undergoing a downturn, coupled with the \u201ccrypto winter,\u201d calling the downturn a \u201cdemise\u201d of NFTs may be an overstatement. The overall market performance of NFT cannot be simply judged by their values, but as well as their users and [&hellip;]","og_url":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/","og_site_name":"BTSE Blog","article_published_time":"2022-06-27T07:26:12+00:00","article_modified_time":"2023-03-07T06:17:15+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png","type":"image\/png"}],"author":"BTSE","twitter_card":"summary_large_image","twitter_creator":"@BTSE_Official","twitter_site":"@BTSE_Official","twitter_misc":{"Written by":"BTSE","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#article","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/"},"author":{"name":"BTSE","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca"},"headline":"Is the Demise of NFTs Around the Corner?","datePublished":"2022-06-27T07:26:12+00:00","dateModified":"2023-03-07T06:17:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/"},"wordCount":1630,"publisher":{"@id":"https:\/\/www.btse.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png?fit=1920%2C1080&quality=75&ssl=1","articleSection":["Opinion"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/","url":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/","name":"Is the Demise of NFTs Around the Corner? &#8212; BTSE Blog","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#primaryimage"},"image":{"@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png?fit=1920%2C1080&quality=75&ssl=1","datePublished":"2022-06-27T07:26:12+00:00","dateModified":"2023-03-07T06:17:15+00:00","breadcrumb":{"@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#primaryimage","url":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png?fit=1920%2C1080&quality=75&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png?fit=1920%2C1080&quality=75&ssl=1","width":1920,"height":1080,"caption":"Is The Demise of NFTs Around The Corner?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.btse.com\/blog\/is-the-demise-of-nfts-around-the-corner\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.btse.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Is the Demise of NFTs Around the Corner?"}]},{"@type":"WebSite","@id":"https:\/\/www.btse.com\/blog\/#website","url":"https:\/\/www.btse.com\/blog\/","name":"BTSE Blog","description":"Navigating the Crypto Frontier - Insights, Analysis, and Strategies","publisher":{"@id":"https:\/\/www.btse.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.btse.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.btse.com\/blog\/#organization","name":"BTSE","url":"https:\/\/www.btse.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/03\/btse-logo.png","contentUrl":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/03\/btse-logo.png","width":1007,"height":306,"caption":"BTSE"},"image":{"@id":"https:\/\/www.btse.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/BTSE_Official","https:\/\/discord.com\/invite\/btse","https:\/\/www.linkedin.com\/company\/btsecom\/","https:\/\/t.me\/btsecom"]},{"@type":"Person","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca","name":"BTSE","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/dc01110861deb9c4a6b15c6c841e4457320749d7c005164340fbf8d4eacefc5d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/dc01110861deb9c4a6b15c6c841e4457320749d7c005164340fbf8d4eacefc5d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dc01110861deb9c4a6b15c6c841e4457320749d7c005164340fbf8d4eacefc5d?s=96&d=mm&r=g","caption":"BTSE"},"sameAs":["https:\/\/www.btse.com\/blog"],"url":"https:\/\/www.btse.com\/blog\/author\/btseadmin\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2022\/06\/NFT-Demise.png?fit=1920%2C1080&quality=75&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts\/4520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/comments?post=4520"}],"version-history":[{"count":2,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts\/4520\/revisions"}],"predecessor-version":[{"id":5687,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/posts\/4520\/revisions\/5687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/media\/5686"}],"wp:attachment":[{"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/media?parent=4520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/categories?post=4520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.btse.com\/blog\/wp-json\/wp\/v2\/tags?post=4520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}