The NFT Trend Tends To Decrease, Is The Celebration Ending?

NFT trend in Indonesia (photo: Unsplash)

JAKARTA - In recent years, NFT or Non-Fungible Tokens has become one of the warmest topics in the world of technology and art.

From digital artwork to collectibles, NFT has provided uniqueness and authentication to digital assets, providing opportunities for artists and creators to earn recognition and decent income.

The era of NFT glory has ended?

Observing this latest phenomenon, the CEO of Tokocrypto, Yudhono Rawis, explained that just like other markets, NFT cannot be separated from the dynamics of tides.

The initial phase of technological acceptance or new trends is usually accompanied by high enthusiasm. Although there has been a decline in activity in recent months, this does not signal the end of the NFT, but rather the phase of the transition.

"The NFT market is experiencing natural fluctuations. Like other markets, the NFT market can also experience up and down cycles influenced by factors such as trends, demand, supply, sentiment, and speculation," Yudho said in his statement.

However, Yudho has an optimistic view of the future of NFT. Although NFT may be experiencing an adjustment phase, many indicators show that this is not the end of its era of glory.

According to him, in the world of NFT, Yudho believes there are still many innovations that can be explored. Thus, NFT has the potential to re-developed and play an important role in the digital ecosystem of the future.

"There are many innovations that can still be explored. Like other technologies, there are ups and downs, but our belief is that NFT will bounce back in a more mature and innovative way," he explained.