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How NFT Marketplaces Adapted to Survive in 2025 - Decrypt

What happened

NFT mania is a distant memory in 2025. It was an era—back in 2021 and early 2022—when Beeple sold a jpeg for $69.3 million, CryptoPunks were going for tens of millions, and celebrities kept aping into the Bored Ape Yacht Club. The cumulative NFT market cap has dropped 99% from.

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