Animoca Brands co-founder: The NFT market will see a strong rebound

ChainCatcher news, according to Cointelegraph, Animoca Brands co-founder Yat Siu stated at the Bitcoin MENA event in Abu Dhabi that the NFT market is set for a strong rebound.

Regarding the recent shutdown of projects like RTFKT under Nike, Siu believes this is a natural phenomenon in business development and emphasizes that the failure of certain projects does not represent the future of the entire NFT space.

Yat Siu added that despite some failures in the field, he believes NFTs will continue to rise as status identity commodities.