Josep {KBL} retweetledi

The NFT market is going through one of its toughest moments since the 2021–2022 boom.
In 2025, global NFT volume dropped to $5.63B (down 37% YoY), while supply kept growing and average prices fell.
And if anything, early 2026 data suggests the situation is even worse.
Less demand. More supply. Lower prices.
Art NFTs got hit even harder, with volumes down ~93% from peak levels.
And this is forcing real changes.
@MagicEden shut down its Bitcoin and EVM NFT markets (Feb 27 → Mar 9, 2026), shifting fully to Solana with its wallet.
They’ve also cut over 50% of their team.
@OpenSea has gone through major layoffs as well (over 50%) and now relies more on token trading than NFTs (around 75% of its volume comes from tokens).
Let’s be real for a second.
Running an NFT platform today is expensive:
$50K–$500K+ to build
$3K–$15K/month infra
devs, audits, maintenance
And with ~2.5% fees… most projects don’t even cover costs.
So I want to say something clearly.
To everyone still building NFTs on @hedera :
Thank you.
Because staying here right now isn’t about hype or easy money.
It’s because you actually care.
While many projects on other chains have shut down or pivoted to AI, memecoins, or trading…
There are still builders here creating, improving, and supporting communities.
The hype cycle is over.
But the next cycle will reward those who didn’t stop building or at least I hope so.
Respect to all of you still here 🫡

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