NFT Market Bouncing Back: Why The Hype is Real This Time

The recent market analysis reveals a resurgence in the non-fungible token (NFT) market after significant correction. In 2021, NFTs experienced a meteoric rise fueled by celebrity endorsements, record sales, and widespread adoption during the pandemic era. However, this surge followed a sharp correction leading many projects to decline. While media outlets declared many NFT collections as ‘dead’ with little trading activity, the market is now showing signs of recovery. 2025 marks a new era for NFTs with renewed investor interest, substantial trading volumes, and rising floor prices in prominent collections like CryptoPunks, Pudgy Penguins, Bored Ape Yacht Club, and Moonbirds.