NFT Community Buzzes as Bitcoin Halving Approaches Anticipating Positive Market Impact


As the Bitcoin halving approaches, there’s a buzz in the NFT community, with experts anticipating a positive impact on the NFT ecosystem. Oscar Franklin Tan, CFO of Atlas Development, foresees a surge in NFT prices post-halving, fueled by increased interest in Bitcoin that spills over into other ecosystems like NFTs and altcoins.

Zach Burks, the brain behind NFT marketplace Mintable, predicts a rise in NFT trading volume as Bitcoin’s price climbs, suggesting a potential uptrend in NFT prices. He also highlights the impact on Bitcoin Ordinals, noting that rising BTC prices could unlock disposable income for users, driving up demand for NFTs.

Meanwhile, Jimmy Zhao, BNB Chain senior solution architect, sees the halving as a catalyst for NFT adoption on a larger scale. He believes mainstream media coverage of the halving could introduce more people to NFTs, expanding their understanding of NFT utility and use cases.

In essence, the halving is poised to bring more attention to the broader crypto sector, potentially attracting newcomers who will explore various facets of the crypto and Web3 ecosystem, including NFTs and DeFi. With Bitcoin and NFTs becoming increasingly intertwined, the halving could mark the beginning of a new chapter in NFT adoption and innovation.


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