Brokerage and research firm Bernstein defended the NFT market based on a research report it published.
In the published research report, it was stated that NFT products are redefining crypto consumption. Unique products, although initially launched only as image formats, have been expanding their market dominance over the years. Products that are now seen as the crypto consumer stack have interacted heavily, especially with games.
Bernstein Trusts the NFT Industry
Bernstein, who carries out the mediation and research services of the sector, mentioned the rapid popularity and rapid decline of the sector. But according to Bernstein, the NFT sector is still in the adoption phase.
According to the research report, NFT products will be able to survive in any environment where cryptocurrencies exist. The company’s analysts, Gautam Chhugani and Manas Agrawal, still see NFT products as the future. Stating that Bored Ape products still continue their sales with a base price of 100 thousand dollars, analysts also drew attention to the fact that the number of active monthly users on the OpenSea platform is around 360 thousand.
According to Bernstein, NFT products have gained ground globally. Underlining that brands and corporations are now starting to operate in this field, the company said that its popularity will increase, especially through games.
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