📊 Market Overview
Current market cap: Approximately $6–6.7 billion, with an astounding 21–23% one-day surge, and trading volume up 287–470% on platforms like CoinGecko .
Fortunes reflect divergence: While floor prices for legacy collections remain strong—CryptoPunks (~46–48 ETH), Pudgy Penguins (~15–16 ETH), BAYC (~12 ETH)—most of the NFT market still consists of low-value or unsold assets .
Bubble concerns remain: A 2023 study found over 95% of NFT collections held near-zero value, and roughly 79% remained unsold .
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🔍 Key Trends and Developments
Market shifting toward utility & utility-integrated NFTs: Community-focused utilities—perks like exclusive events, real-life access, loyalty programs—are rising in importance, while generic collectible NFTs lose relevance .
AI‑powered NFTs are growing: The ERC‑7857 standard for intelligent NFTs (iNFTs) launched in early 2025, enabling transferable AI agents and fueling growth across AI‑NFT marketplaces .
Corporate involvement persists: Big names like Amazon are preparing NFT launches (emphasizing credit‑card payments instead of crypto wallets), Starbucks is enhancing loyalty via NFTs, and Salesforce is integrating NFT tools for brands .