Throughout 2022, the bear market has affected the blockchain industry in ways many would never have anticipated. From entire crypto exchanges imploding, to free-to-mint projects dominating the charts, and some of the biggest NFT brands defying the odds and becoming still bigger, all things NFTs have radically shifted over the last year.
But while overt market switch-ups like Reddit’s overnight NFT empire and Elon Musk’s purchase of Twitter have caused palpable ripples throughout Web3, there are less noticeable evolutions happening at the forefront of the NFT ecosystem. As entities like Gamestop, Reddit, and now Instagram continue to join the NFT marketplace race in full force, established platforms like Rarible, SuperRare, and the like have been innovating behind the scenes, changing bit by bit.
The state of NFT marketplaces
NFT marketplaces aren’t what they used to be, but it isn’t for a lack of trying that even the most prominent points of sale…