
The Rise and Fall of Art NFTs
Art NFTs became a hot topic in the Web3 industry during 2021 and 2022, experiencing a surge in popularity. That year, trading volumes peaked at $2.9 billion, fueled by record-breaking sales such as Beeple’s Everydays for $69.3 million. Fast forward to Q1 2025, and the market has nearly collapsed, with trading volume down 93% to…