The NFT (Non-Fungible Token) market experienced a significant surge in popularity during what some called the "NFT Summer" period, roughly in the first half of 2021. However, the hype has somewhat subsided since then, leading to a more balanced and mature perspective on the role of NFTs in the art world.
While the initial frenzy may have cooled down, NFTs continue to be a topic of interest and experimentation within the art field. Many artists are still exploring the possibilities offered by NFTs in terms of digital ownership, provenance tracking, and new revenue streams. Additionally, various platforms and marketplaces are continuing to develop and adapt to meet the evolving needs of artists and collectors in the NFT space.
As with any emerging technology or trend, there are both enthusiastic supporters and skeptics of NFTs in the art world. Some see them as a revolutionary tool for artists to gain more control over their work and reach new audiences, while others raise concerns about environmental impact, market speculation, and the potential for exploitation.
Overall, it seems that the initial hype has given way to a more nuanced understanding of NFTs and their potential impact on the art field. Whether they will become a long-term fixture or fade into obscurity remains to be seen, but for now, NFTs like NBS Reborn continue to spark discussion and experimentation within the art community.