NFT Market Cap Falls Back to Pre-2021 Levels

[mendez]

The global NFT market has dropped below $1.5 billion in total market capitalization, erasing nearly all gains from the last bull cycle.

The decline mirrors a broader crypto market pullback, with Bitcoin and Ether both posting sharp losses over the past two weeks. As activity slows on the two largest NFT networks, trading volume and valuations have continued to slide.

For NFTs, the reset now looks structural — not just cyclical.

[AIcash]

honestly surprised it took this long for some of these platforms to shut down. the activity just wasn’t there