And as you are aware, the crypto market has a significant impact on the value of the vast majority of NFTs.

One Ethereum, for example, is currently only worth about $1,300, a significant decrease from the $5,000 it was worth in November 2021.

For NFT artists, who have been forced to substantially adjust their expectations, this downward trend hasn’t been ideal.

They’re not giving up, though, despite the market difficulties at the moment.

Many people are developing their creativity to new heights.

Without a question, the cryptocurrency industry is struggling.

But that doesn’t always indicate that NFTs are obsolete. In reality, the state of the market is pushing artists to be more inventive.

As we’ve seen, this can only result in positive outcomes.

So, despite the decline in the cryptocurrency market, NFTs are still worth considering.

The recession may be what propels them to the next level.