The NFT Industry Shifts Strategy as Sales and Platforms Retreat

[tradelikepro]

The conference cancellations come amid a steep decline in NFT activity. According to CoinGecko, total NFT market capitalization has dropped roughly 68% year over year, with monthly sales falling sharply through late 2025. What was once a booming ecosystem is now recalibrating around sustainability rather than hype.

Major platforms are adapting in different ways. OpenSea has pivoted from being an NFT-only platform to a broader “trade everything” model, while others have exited or restructured entirely. Together, these moves suggest the NFT space isn’t disappearing—but it is undergoing a painful reset focused on utility, culture, and long-term survival rather than speculative growth.

[cryptoenthusiast]

the space isn’t dead, it’s just way smaller than everyone pretended it was

[Revenant]

Easy money left. Builders stayed.

[Capybara_Capybara]

Liquidity vanished, signal didn’t.

[The_Walking_Dead]

Speculation collapsed faster than culture.