Jana Bertram, head of strategy at RARI Foundation, tells The Agenda podcast that the use cases for NFTs go well beyond digital art.
After a meteoric rise beginning in 2021, the nonfungible token (NFT) market took a bit of a tumble in 2022. The floor prices of many projects gave way, particularly those centered around digital art, and many had declared that NFTs were dead. While sales volumes have begun growing again in 2023, they have not yet returned to the levels seen during the heights of the previous euphoria.
Yet nonfungible tokens as a technology have not actually gone anywhere, and many builders took the now-thawing crypto winter as an opportunity to continue developing relevant products, platforms and use cases, without the pressure and constant media attention of a bull market.
One such NFT ecosystem that continued building during the bear market is Rarible, which comprises the Rarible Protocol, Rarible marketplace, RARI token, Rarible DAO and RARI Foundation, with a new “layer 3” mainnet, RARI Chain, on the way.
