The Year of the NFT

The fortunes were lost over collectibles.

An artist by the name of Beeple sold an NFT-based artwork for a record-setting 69 million dollars in March of 2020. Over the course of the year, artists and Collectors have made fortunes off NFTs, brand after brand has launched digital marketing gimmicks, and NFT apes even made it onto The Tonight Show.

The NFT scene has lost a lot of its early enthusiasm. The sales of NFTs have plummeted, and the entire market has lost value. The space has been put into a new perspective. Is it possible that the communities that formed around it in the early days of NFTs can be maintained?

The NFT scene is still going strong a year after things first started. People who found unexpected success, others who are still trying for it, and the odd and uncertain cultural and legal implications are some of the things we look at.