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NFT Price Floor Co-Founder Predicts Return of Quality NFTs Despite Market Pullback

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NFT Price Floor co-founder predicts quality NFTs comeback despite market retreat

NFT Price Floor co-founder Nicolás Lallement anticipates a return of quality NFT thanks to bullish sentiment and cheap layer 2 solutions.

Like the craze around meme coins continues to unfold, the focus now shifts to non-fungible tokens (NFTs), a sector that is seeing renewed interest after a period of moderate activity.

NFT Price Floor co-founder Nicolás Lallement shared with crypto.news his perspective on the current state of NFTs, saying the market is “already seeing signs” of their return. Lallement, head of the analytics site focused on NFT-related data, highlighted signs of a resurgence in digital collectibles, pointing to notable recent sales such as two Alien Punks seeking out US$16 million each in the last fortnight and a record sale of Autoglyphs totalizing US$14.6 million in February.

“So yes, I think NFTs will come back 100%, we are already seeing signs of that. […] The ongoing bull market and the potential summer of 2012 we are entering are the perfect combination for a return of quality NFTs on all fronts.” Nicolás Lallement

Speaking of meme coins, Lallement emphasized the unique value proposition of digital collectibles, citing their “compelling, richer and more sophisticated” storytelling capabilities. He noted that while meme coins may attract 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, superior in terms of narrative.” Nicolás 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 firm Electric Capital, as a “sign of growing interest in NFTs.” Like crypto.news reported Previously, the California-based venture capital firm unveiled a new analytics platform designed to address cross-chain data scarcity and transparency in the movement of digital collectibles.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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