Katie Haun, the founder of Web3-focused venture capital (VC) company Haun Ventures, believes that NFTs will make a comeback, owing to the broader transition to the digital world, she said in an interview with Bloomberg Crypto on October 4.
The comeback of NFTs, according to Haun, CEO of the $1.5 billion VC company, will also be fueled by the increased availability of the requisite infrastructure.
“We are going to increasingly live in a digital world. And I happen to think that if you live in a digital world, you’re going to want to own digital goods in that world. You’re not just gonna be satisfied to rent them, which is what we do now. You don’t really own anything. You’re subject to the whims of a platform. And I think NFTs and digitally scarce goods fundamentally change that. I think you’ll see NFTs back again,” she said.
The recent considerable drop in trade volume emphasized the collapse of the NFT market.
Notably, the decline in trade volume shows the original drivers of the sector’s rise, which saw most individuals invest in digital collectibles to earn money. In June, for example, a study found that 64% of those polled solely bought NFTs for money.
Despite the drop in interest in this field, numerous major worldwide companies have expressed an interest in the industry by filing for trademark rights. However, supporters of the NFT sector think that if creators and marketers focus on offering usefulness to customers, the industry will make a comeback.
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