Why reports of the death of NFTs are greatly exaggerated

Toshiuki Otsuka, who founded a snap-to-earn platform, strongly opposed the narrative and argued that NFTs are "evolving."

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The narrative surrounding non-fungible tokens (NFTs) is evolving. Following a period of explosive growth and a subsequent decline in trading volumes, some members of the crypto community are questioning whether digital collectibles remain viable.

With some writing obituaries for NFTs, those working directly with the asset class beg to differ. Experts across the Web3 space believe the market is maturing rather than dying. As the hype settles, NFTs find their footing in more practical and sustainable applications.

Cointelegraph approached professionals working within the blockchain space to get their thoughts on the current state of NFTs.

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