What happened to NFTs?

Between the end of 2021 and the beginning of 2022 the NFTs market – that property certificate of a digital asset saved on blockchain  – reached its peak, engulfing investors in a real collective “fear of missing out” that, riding the wave of enthusiasm for the possibility of artificially creating unique pieces, had quickly led to the famous speculative bubble.

Astonishing figures have made history, such as the iconic Everydays: The First 5000 Days by Beeple, sold for a staggering $69 million, or CryptoPunk #5822, passed by hand for 23 million. Two years later, collective hysteria seems to have left room to a quiet requiem: in 2023, the specialised portal CryptoSlam reported a 92% drop in the volume of non-fungible token, with an average price down 84% and a 47% drop in the number of buyers.

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