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The non-fungible token market has suffered massive losses in the past four years. From rug pulls to the collapse of NFT floor prices, billions of dollars have been wiped
The non-fungible token market has suffered massive losses in the past four years. From rug pulls to the collapse of NFT floor prices, billions of dollars have been wiped from the NFT ecosystem, with regulatory and criminal gangs contributing to the mess.
In response to the downfall, several non-fungible token projects are now tapping the Artificial Intelligence (AI) to reshape the future of their NFT collections.
Non-Fungible Token Status In 2020
In 2020, the non-fungible token market experienced an increase in sales volume, with greater mainstream adoption. At the time, the global NFT market saw a massive increase in sales volume, reaching over $25 billion. This rapid growth was fueled by several key factors.
There was an interest in cryptocurrencies and blockchain technology, leading to increased interest in NFTs as a new asset class. Also, the emergence of NFT communities, like Bored Ape Yacht Club and CryptoPunks NFT, drove trading activity and engaged collectors.
Furthermore, sales of digital collectibles, such as artwork and trading cards, and gaming NFTs, like Axie Infinity, soared during the year, contributing significantly to the overall growth of the NFT market.
Non-Fungible Token Market In 2025
Fast forward to 2025, the NFT market isn’t what it used to be. The hype has died down, volumes have dropped, and most collections struggle to stay relevant. Today, some NFTs are more or less expensive profile pictures, backed by promises of future utility that never materialized. Projects raised millions based on vague roadmaps, promising gaming, metaverse integration, or exclusive communities, yet most failed to deliver.
Despite all the hype about the new Web3 and digital ownership, most NFTs remain static images with no real functionality. NFTs were supposed to be the foundation of digital identity in various sectors. A digital asset should be more than a static collectible. But right now, NFTs can’t think, evolve, or interact.
Today, many NFTs are sitting in your wallet, waiting for the next market hype to bring their value back. But ultimately, what will save NFTs is not another market cycle, but the ability to perform new feats and generate new forms of value.
Will AI Save Failing NFT Projects?
The era of hype-driven, utility-less NFT collections is over, and NFT projects are exploring new possibilities. Doodles, the team behind the famous Doodles non-fungible token collections, and 0N1 Force, the team behind the 0N1 Force NFT collection, are now adopting artificial intelligence to reshape the future of their NFT collections.
According to 0N1 Force, the next generation of NFTs won’t be just images on a blockchain. Instead, they will be intelligent digital entities capable of learning, adapting, and growing over time. These AI NFT collections will feature built-in intelligence, making them useful from day one. They will also interact across games, social platforms, and virtual worlds.
To foster this vision, Doodles recently launched DreamNet, a decentralized protocol for AI-powered storytelling.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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