Published Oct 15, 2023 07:05PM ET Updated Oct 15, 2023 08:40PM ET
A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives.
“I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director Yemel Jardi told Cointelegraph. “Rather, it’s maturing.”
NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue