In anticipation of the Bitcoin halving, experts in the NFT space predict a positive impact on the NFT market. Oscar Franklin Tan from Atlas Development expresses confidence that NFT prices will increase post-halving, emphasizing that the interest in Bitcoin will contribute to the growth of interest in NFTs and altcoins. This sentiment is echoed by Zak Berks from Mintable, who also expects an increase in NFT trading volume due to the rise in Bitcoin prices.
Berks argues that Bitcoin hodlers will directly feel the impact of rising BTC prices, pointing to the disposable income available to Bitcoin holders that can now be invested in NFTs. He believes the upcoming halving could also lead to wider adoption of NFTs, attracting new users to the crypto ecosystem and Web3, including NFTs, DeFi, and other applications.
This event is seen as an opportunity for "free marketing" for the entire crypto sector, potentially increasing the number of people familiar with the utility of NFTs and understanding their use cases. Thus, the Bitcoin halving is seen as a significant moment for the NFT market, which could drive increased interest and engagement in this space.
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