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Macy's Closing Over 30% of Stores & Are NFTs Back?
Morning Brew Daily
Shift from Exclusive Club to Collectible Space in NFT Market
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The future of the NFT market is moving away from the exclusive club vibe of limited access and membership towards a more open collectible space. This shift is evident in the shift towards promoting fandom and building universes through collectibles such as plushy toys. Despite efforts to show NFTs' utility beyond art ownership, the dominance of the art market in the NFT space may continue to limit their appeal to a niche group of tech-savvy collectors, raising concerns about the broader adoption of NFTs beyond a niche market.
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