Mintable founder Zach Burks said that if the halving boosts user engagement, there would be an uptrend in NFT prices.
As the much-anticipated Bitcoin halving looms closer, professionals working in the nonfungible token (NFT) space anticipate that the crypto milestone will not only affect crypto tokens, but may also positively impact the NFT ecosystem.
Oscar Franklin Tan, the chief financial officer of Atlas Development, a core contributor to the NFT platform Enjin, believes that NFT prices will “surge after the halving.” The executive argued that this is part of a known cycle where interest in Bitcoin (BTC) spills over other ecosystems like NFTs. Tan said:
Tan told Cointelegraph that this is especially true for NFTs integrated within altcoin ecosystems, which are different from profile picture (PFP) projects. The executive explained that these are NFTs that receive token airdrops or digital collectibles used in token-gated networks.
