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When Will Ethereum NFTs Bounce Back?

ETH NFT investors aren't seeing the bull market gains they hoped for.
When Will Ethereum NFTs Bounce Back?
William M. Peaster William M. Peaster
Mar 15, 2024 • 3 min read
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Many of Ethereum's top NFT collections have been having a rough time. Why the bleed-out, especially when the wider cryptoeconomy has been heating up recently?

Well, a large amount of capital remained in Ethereum NFTs since the 2021 bull run. And over the past few months, new metas have surged to the forefront.

Think AI tokens, the Bitcoin Ordinals boom, the explosion of memecoins on Solana, the return of airdrop hunting, and the rise of Farcaster-driven L2 mints like Onchain Gaias on Base. 

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William M. Peaster

Written by William M. Peaster

1026 Articles • View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.

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