In spite of volatile valuations and surges in volume, volatility continues to dominate nonfungible tokens. However, a new trend is emerging within the sector.

NFTs are not only attractive visually, they also offer investors the opportunity to cast a bait-laden line into an opaque body water in hopes that it will catch fish. Some buyers were skeptical when Bored Ape Yacht Club was listed. “They look cool”And “The community is really strong and dedicated,” but these aren’t really hard valuation metrics that can be backtested and applied across most assets in the NFT market.