Nicolás Lallement, co-founder of NFT Price Floor, expects a high-quality NFT comeback thanks to bullish sentiment and low-cost layer 2 solutions.
As the meme coin craze continues to unfold, the spotlight is now shifting to non-fungible tokens (NFTs), a sector experiencing renewed interest after a period of subdued activity.
Nicolás Lallement, co-founder of NFT Price Floor, shared with crypto.news his views on the current state of NFTs, saying that the market is “already seeing signs” of their comeback. Lallement, the head of the analytics site focused on NFT-related data, underscored the signs of a resurgence in digital collectibles, pointing to recent notable sales, such as two Alien Punks that grossed $16 million each in the past two weeks and a record-breaking sale of Autoglyphs totaled $14.6 million in February.
“So yeah, I think NFTs will come back 100%, we’re already seeing signs of that. […] The ongoing bull market plus the potential twelfth summer we are entering are the perfect combination for a comeback of high-value NFTs on all fronts.” Nicolas Lallement
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Speaking of meme coins, Lallement highlighted the unique value proposition of digital collectibles, citing their “immersive, richer and more sophisticated” storytelling capabilities. He noted that while meme coins may generate temporary speculative interest, NFTs offer deeper, richer experiences rooted in their uniqueness.
“I would say the main difference is that NFTs are unique objects and that makes them much more sophisticated and superior in storytelling.” Nicolas Lallement
Additionally, Lallement highlighted emerging trends in blockchain development aimed at bridging the gap between NFTs and meme coins, noting the ERC-404 standard popularized by Pandora as an example of this convergence.
The NFT Price Floor co-founder also pointed to the recent launch of NFT Pulse, an analytics platform developed by venture capital firm Electric Capital, as a “sign of the growing interest in NFTs.” As crypto.news previously reported, the California-based venture capital firm unveiled a new analytics platform designed to address the scarcity of cross-chain data and transparency within digital collectibles sales.
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