The World's Biggest NFT Festival vs. the Crypto Crash of 2022
— Motivation, Dollars, Profile media releases born, Nft circles, Amid, Bring, Floor, Nft, Twitter, Hilariously — 1 min read
NFT.NYC is the biggest NFT convention on the planet. This year's convention took place amid the biggest crypto market crash in years. We're in the gestation period of NFTs evolving from blockchain oddities to real-life entertainment brands. With $25 billion spent last year, we're at the point where we should start seeing product road maps sketched out on Discord evolve into real life plans. With the Federal Reserve tightening interest rates, speculative assets like crypto and NFT's have been hit hard. NFT investors, however, may not be as well off. The prevailing sentiment was that the market crash was a good thing. "I'm glad the bubble has burst, I'm glad we're in a bear market," one NFT Source