The recent drop in the market has had a significant effect on non-fungible tokens (NFTs). Most NFT floor prices have gone down by 75% or more over the past few months. As prices have dropped, many investors have lost faith and are now wondering if the whole NFT craze was just speculation. But even in this chaotic situation, musicians are finding new and interesting ways to use non-fungible tokens.
Source: Three Ways the Music Industry Can Reduce NFT Speculation – The Daily Hodl