I noticed something interesting about Polymarket this week. Bettors are now setting odds at 65% for NFTs to return in 2026, which is the highest ever recorded. It's a pretty strong signal when you see the probabilities jump 30% in a week.

The context behind these odds: the NFT sector's market capitalization has exceeded $3 billion since the beginning of the year. With recent gains on major projects like CryptoPunks and Bored Apes, plus trading volumes that have increased by 26% in 24 hours, it's understandable why people are wondering if NFTs will make a comeback. The market is finally showing some signs of life after months of decline.

But honestly, there are serious doubts. CryptoPunks has lost 80% since its 2021 peak, Bored Apes even worse with a 95% drop. Even with recent rebounds, early holders are still massively in the red. And then there's the fundamental issue: utility. Until this problem is solved, a true NFT comeback will be difficult.

The sector also shows mixed signals. Nike sold its RTFKT platform last year after shutting it down, and several NFT marketplaces are pulling back. Even NFT Paris was recently canceled. So yes, the odds are rising, but the obstacles remain huge. It remains to be seen whether this renewed interest will be sustainable or just a technical rebound.