{"id":15878,"date":"2023-01-20T22:24:23","date_gmt":"2023-01-20T22:24:23","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-will-it-take-to-reignite-the-nft-market\/"},"modified":"2023-01-20T22:24:24","modified_gmt":"2023-01-20T22:24:24","slug":"what-will-it-take-to-reignite-the-nft-market","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-will-it-take-to-reignite-the-nft-market\/","title":{"rendered":"What will it take to reignite the NFT market?"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/08\/01\/what-will-it-take-to-reignite-the-nft-market\/<\/a><\/br>
\nWhat will it take to reignite the NFT market?<\/br>
\n2023-01-20 22:24:23<\/br><\/p>\n

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\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
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With July now<\/span> behind us, we have a full month of trading data from the NFT market to digest. The numbers are mixed. While there are some positive signals from the non-fungible token market that matter, others are decidedly negative. Trading continues, but at what appears to be a far slower pace.<\/p>\n

For companies in the NFT space, the news is likely unwelcome. The larger blockchain world is in a period of correction<\/a>, but to see key NFT market metrics fall as quickly as we have makes us wonder what could reignite demand. It seemed doubtful that the period of hype that gave us endless Bored Ape derivatives would last forever. But what\u2019s next?<\/p>\n

\n

The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n

Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n

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Let\u2019s peek at the July data and then dive into what could return NFTs to prominence. After all, NFT trading has risen a few times during the first decade-plus of the blockchain era \u2014 such as it is \u2014 so surely it can rise again?<\/p>\n

\"Subscribe<\/a><\/p>\n

To start, we\u2019ll check in on the market-leading OpenSea, and then we\u2019ll add in other NFT marketplaces to get a good vibe for the non-fungible token market. After that, we\u2019ll theorize some ideas that could make NFTs less uncool again. To work!<\/p>\n

A lackluster July<\/h2>\n

The overall direction of NFT trading volume has been negative for some time, as the following chart from The Block and CryptoSlam<\/a> makes clear:<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2022\/08\/01\/what-will-it-take-to-reignite-the-nft-market\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/08\/01\/what-will-it-take-to-reignite-the-nft-market\/ What will it take to reignite the NFT market? 2023-01-20 22:24:23 With July now behind us, we have a full month of trading data from the NFT market to digest. The numbers are mixed. While there are some positive signals from the non-fungible token market that matter, others are decidedly negative. Trading continues, but […]<\/p>\n","protected":false},"author":1,"featured_media":15879,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-15878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nWhat will it take to reignite the NFT market? - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/what-will-it-take-to-reignite-the-nft-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What will it take to reignite the NFT market? - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2022\/08\/01\/what-will-it-take-to-reignite-the-nft-market\/ What will it take to reignite the NFT market? 2023-01-20 22:24:23 With July now behind us, we have a full month of trading data from the NFT market to digest. 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