I just looked at the NFT statistics — market capitalization has fallen below $1.5 billion. This is similar to 2020, before all the hype. It's interesting to observe how the market is transitioning into a real state.

The classic problem: supply is growing, while demand remains stagnant. By 2025, the number of NFTs is expected to increase by a quarter — almost 1.3 billion units. Does that sound like a lot? Yes, but sales volume is decreasing by 37% annually. And the price per item is also under downward pressure — they expect the average price to fall below $100.

I also note that major companies are starting to leave the market, and NFT platforms are shutting down. This isn’t just a correction — it’s a market cleanup from speculative noise. When it was easy to release any NFT and sell it to someone, everyone wanted to try. Now barriers are lowering, but that only worsens the oversupply situation. The industry is clearly entering a difficult period where only projects with real value will survive.