George Galoyan, the CEO of DAO.vc, asserts that although the NFT market is struggling right now, it’s likely to bounce back soon.

The NFT sector has continued to face challenges over these last nine months, with trading volumes diving over 60% and the number of active traders decreasing by more than 30%. Emerging collections are vanishing from the marketplace, and platforms are increasingly reluctant to offer royalties to creators in their quest to retain buyers. Still, specialists believe this is a pivotal moment that will clear out ineffective non-fungible tokens, ultimately driving innovation in technology aimed at tokenizing ownership of various assets. A discussion with George Galoyan from DAO.vc explored these themes and future advancements. future for NFT George Galoyan, the CEO of DAO.vc, maintains that the downturn in the NFT market is merely a temporary phase.

G.G.: The NFT landscape is currently undergoing a significant correction, reflected in decreased trading volumes and a waning interest in certain types of NFTs. Analysis from platforms like Dapp Radar and Dune shows that all blockchains and marketplaces are feeling the impact of this decline. However, rather than indicating a total lack of interest in NFTs, a distinction is becoming clear between valuable, functional NFTs and those perceived as worthless. High-profile collections remain in demand, indicating that the market is going through a necessary restructuring where prominent projects are emerging, and the technology is gaining visibility for its potential in the future.

At present, the NFT sector is experiencing a notable correction. CryptoPunks or Bored Ape Regarding the correlation between the NFT market and the broader crypto landscape, it is indeed present. The decline in the prices of major cryptocurrencies and altcoins has instilled fear among investors, prompting them to shy away from high-risk investments. As a result, trading activity has slowed, and miners are scaling back their operations, including offloading hardware. Such negative factors invariably weigh down the non-fungible token market, leading to diminished participation.

G.G.: Absolutely not. In fact, I believe that NFT initiatives with tangible use cases and collectible items with verified value stand a greater chance of success now than they did during the NFT frenzy, when buyers were often making purchases without fully appreciating their value. Today, investors are more discerning, taking the time to evaluate projects before committing capital. For instance, recall the much-discussed virtual sneaker project that made headlines last year. Initially, sneakers sold for exorbitant prices, but now the company finds itself in a challenging position, contemplating staff layoffs due to market pressures and the absence of a secondary market for their NFTs. crypto winter Concurrently, DAO.vc is nurturing two NFT projects that are well-positioned for success. Take the Astro Babies initiative, which has garnered over $300,000 in investments from both the community and retail backers, all while the market is bearish. We’re also gearing up to present the Shark Race project, aiming to secure similar funding. Both initiatives are being incubated by DAO.vc's experienced team and show promise for the NFT landscape. SharkRace features an elite NFT collection alongside a pioneering Rarity Upgrade platform, allowing users to enhance the rarity of their shark NFTs through animations and skill-building. These sharks can be utilized in gameplay or sold on the project’s marketplace. Meanwhile, Astro Babies comprises a holistic ecosystem that merges its distinct NFT collection with a blockchain casino and staking options for passive income. Current demand trends indicate that NFTs with genuine collectible appeal and rights transfer capabilities are favorable. Bitcoin Could you share your insights on where NFT and GameFi startups can seek investment, and how they can effectively persuade investors to support their projects?

G.G.: Drawing from my extensive experience in both investing and sourcing funds, I prioritize understanding the inherent value of any product. Presently, I observe that an overwhelming 90% of NFTs available in the market offer no real benefit to either the industry or users. Hence, it is crucial when developing a product to consider its potential consumer base one to five years down the line, its capacity to attract users, and its adaptability to swiftly meet market demands.

Currently, I see the market flooded with 90% of NFTs that serve no real purpose. STEPN project As far as sourcing investment goes, the usual avenues remain pertinent: venture funds and launchpads are instrumental in securing capital for startup growth. We're on the brink of launching a social platform designed for investors, startups, and industry professionals, enabling registered users to effortlessly connect and share valuable insights free of charge.

What does the future hold for the NFT market? How do you foresee the influence of metaverses on this sector? real estate , inventions, or products.

G.G.: I firmly believe that the NFT marketplace will soon begin a robust recovery. Key platforms for NFT creation will likely include Ethereum, Polygon, with Ripple and Aptos potentially joining the ranks. Meanwhile, Solana might lose a chunk of users due to its shift towards making creator royalties optional.

We can also expect significant changes within the marketplace sector. Today's leading platforms are feeling the heat from up-and-coming competitors like OpenSea.

There will also be considerable growth in the realm of NFT galleries and digital art as we witness an integration of digital pieces within conventional art institutions. As it stands, the divide between traditional art and its digital counterpart is swiftly diminishing.

In the near term, the NFT sector is indeed on the cusp of a revival.

NFT technology itself is projected to play a role in legal sectors, particularly in asset ownership transfers. This could range from real estate transactions to shifts in copyright for various innovations. We could see the emergence of NFT exchanges tailored specifically for trading ownership rights: from groundbreaking pharmaceuticals to modern tech solutions.

As for the metaverse concept, I urge caution before making any definitive predictions. The metaverses we recognize today are vastly different from fully realized virtual worlds. Currently, they resemble Pinterest boards for gaming and entertainment. There isn't a single entity among them that embodies what a true metaverse should be. Not even well-known platforms like Meta's Horizon, The Sandbox, or Decentraland can truly qualify as metaverses. However, as technology progresses, it’s plausible that in the next 10 to 15 years, we may witness genuine metaverses with a wide array of functionalities and capabilities. OpenSea A partnership between Arianee and POAP aims to widen the reach of attendance-proving NFTs to a broader audience. MagicEden and X2Y2.

The NFT marketplace SuperRare is set to auction off the Genesis RarePass, an exciting new offering.

Animoca Brands forges a partnership with 3D printing innovator Arevo to create custom e-bikes enhanced with NFT integration.

Damir leads the team at Metaverse Post, taking charge of product management and editorial duties while focusing on subjects such as AI/ML, AGI, and Web3 landscapes. His articles captivate a large audience, amassing over a million readers every month. With a decade of experience in SEO and digital marketing, Damir has been featured in prominent publications including Mashable, Wired, and Cointelegraph. As a digital nomad, he travels frequently between the UAE, Turkey, and Russia while holding a bachelor’s degree in physics, equipping him with essential critical thinking skills for navigating the ever-evolving digital arena. buy NFTs Blum is celebrating its first anniversary, having received accolades for 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025.

Omniston is addressing DeFi fragmentation by scaling liquidity on the TON blockchain. Sandbox Vanilla has introduced an innovative 10,000x leverage for its Super Perpetuals on the BNB Chain.

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• According to George Galoyan, the CEO of DAO.vc, the recent downturn in the NFT market is only temporary, as reported by Metaverse Post.
• The NFT market has faced a noticeable stagnation and decline over the past nine months, with trading volumes plunging by over 60%. Additionally, the number of active traders has diminished significantly.