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Rarible Co-Founder Views NFT Market Downturn as a Shift
Rarible Co-Founder Views NFT Market Downturn as a Shift
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The NFT market isn’t collapsing—it’s evolving. Alexander Salnikov, co-founder of Rarible, argues that the sector is undergoing a structural shift rather than a downturn. His outlook remains bullish despite a correction in art NFT trading volumes, which peaked at $2.9 billion in 2021 before retreating by early 2025. Salnikov sees long-term potential in NFTs, emphasizing their future utility beyond speculative trading. "The market is maturing, not disappearing," he says. Institutional interest and real-world applications, from digital identity to asset tokenization, could drive the next wave of adoption. The hype cycle has faded, but the technology’s promise endures.
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