NFT Market Review 2022

In 2022, the NFT market ran the gamut of emotions, swinging frantically from irrational exuberance to the depths of despair in the span of a few feverish months. Euphoria, greed, and delusion were all part of the explosive cocktail that made 2022 a seminal breakthrough year for the nascent industry vertical.

From being touted as the ultimate safe haven asset class to the Otherdeed making a dent in the Ethereum universe to clashing worldviews in the quest to disentangle the royalties dilemma, NFTs have taken a tumultuous rollercoaster ride this year. However, this series of events has only scratched the surface of what might be possible in the future, acting as a dress rehearsal for large-scale adoption on the grand stage of the world.