I just checked Polymarket and the odds of NFTs making a comeback in 2026 are at 65%, the highest level recorded. Quite interesting considering everything that has happened in the sector. The NFT market is hovering around $3 billion in capitalization, so there is movement, although not what it used to be.

What catches my attention is that while some people are betting on an increase in NFTs this year, trading volume grew 26% in the last 24 hours, reaching $4.5 million. But if you look at the actual prices, CryptoPunks has dropped 80% from its 2021 peak and Bored Apes lost 95%. In other words, although there's a rebound, those who bought at the peak are still facing huge losses. That’s a problem.

Additionally, considering what happened with Nike shutting down its RTFKT platform, X2Y2 closing NFT operations, and NFT Paris being canceled last week, I’m not sure if the sector will truly recover. Many say the core issue is the lack of real utility. Without that, it’s unlikely to return to the $15 billion level of 2022. Bitcoin continues to be the asset driving the narrative, but NFTs need more than hype to come back.