The NFT market skilled a major downturn in 2025, characterised by a pointy decline in whole gross sales quantity and a considerable lower in total market capitalization. The market worth plummeted by roughly 74%, falling from a peak of $9.2 billion in January 2025 to simply $2.4 billion by December 2025. This underperformance has sparked a heated debate within the crypto neighborhood about whether or not NFTs will make a comeback in 2026.
The NFT Market Prediction
The non-fungible token market is presently experiencing important volatility, which continues to carry the worldwide buying and selling gross sales quantity beneath $11 million. The NFT market started to showcase cracks in 2025. The NFT market’s important downturn in 2025 was a continuation of a bear market that started in 2022, with an accelerated decline in worth ranging from January 2025 and worsening on the finish of the 12 months.
Luckily, the NFT market is displaying gentle indicators of restoration in early 2026 after a protracted downturn, however this upward motion seems to be pushed by current capital slightly than new funding. This indicator has prompted the market prediction for one more bull run to achieve an all-time excessive. Polymarket, a prediction market that enables customers to realize or lose on the end result of world occasions, has set odds for the NFT comeback in 2026 at 65%.
JUST IN: Odds for NFTs to make a comeback in 2026 attain all time excessive of 65% pic.twitter.com/SzWiRH4ZaQ
— Luidji (@imluidji) January 13, 2026
Though market sentiment can change quickly, some NFT specialists anticipate that the broader NFT market rally will proceed into 2026. Nonetheless, the worldwide NFT market is in a section of structural adjustments and isn’t assured to return to the speculative highs of 2021. The worldwide NFT market dimension, estimated at $61.01 billion in 2025, is projected to achieve $86 billion by 2026, with an annual progress fee (CAGR) of 41.8% by 2035.
NFTs can have the very best returns and be essentially the most hated commerce of this bull run. Precisely like final time.$ETH goes to 10k + and when that occurs, NFTs transfer violently, not rationally. ATHs will print whereas persons are nonetheless tweeting “I don’t see the worth.”
This run can be…
— Hemdawg (@Hemdawg_) January 14, 2026
NFT Use Instances In The Subsequent Bull Run
The subsequent NFT bull run is more likely to be fueled by a transition from speculation-driven market hype to utility-driven initiatives, institutional adoption, and developments in integration with gaming and the metaverse. Tokenizing bodily objects, comparable to actual property, luxurious items, and collectibles, will present tangible worth assist and scale back threat. NFTs may also function verifiable occasion tickets, lowering fraud and providing further perks comparable to unique entry or digital memorabilia.
NFTs are foundational to play-to-earn economies and metaverse platforms, enabling possession of in-game objects, avatars, and digital land. Firms will start utilizing NFT collections for loyalty applications and neighborhood constructing, providing holders distinctive rewards, reductions, and unique experiences. NFTs can signify patents, educational credentials, and on-chain digital identities, thereby enhancing transparency and safety throughout varied industries. These NFT use instances will gasoline the subsequent bull run.
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