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

An NFT purchase is very similar to buying a fishing boat. Yes, there were some who thought that the Bored Ape Yacht Club would be a good investment. “They look cool” “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.