A Look Back on NFTs: Where Are They Now?

How-To Geek

By Katie Rees

Published Dec 29, 2023

NFTs were once hugely popular, but are they still relevant?

NFTs rose to popularity in 2021, but their hype has since faded, leading to a decline in the market.
The NFT boom saw trading volumes reaching billions of dollars, with Ethereum-based NFTs being the most popular.
NFTs faced challenges such as cybercrime scams, lack of intrinsic value, and poor regulation, leading to a significant drop in their value in 2022 and 2023.