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nft Price Floor co-founder Nicolas Lallement anticipates a return of quality NFTs thanks to bullish sentiment and cheap layer 2 solutions.
As the meme coin craze continues to unfold, attention is now turning to non-fungible tokens (NFTs), a sector experiencing renewed interest after a period of moderate activity.
nft Price Floor co-founder Nicolas Lallement shared with crypto.news his perspective on the current state of NFTs, saying the market is “already seeing signs” of their return. Lallement, head of the analytics website focused on nft-related data, underlined signs of a resurgence in digital collectibles, pointing to recent notable sales, such as two Alien Punks. attractive 16 million dollars each in the last fortnight and a record sale of Autoglyphs for a total of 14.6 million dollars in February.
“So yes, I think NFTs will come back 100%, we are already seeing signs of that. (…) The current bull market plus the potential second summer we are going to enter are the perfect combination for the return of quality NFTs on all fronts.” Nicolas Lallement
Speaking of meme coins, Lallement emphasized the unique value proposition of digital collectibles, citing their “compelling, richer and more sophisticated” narrative capabilities. He noted that while meme coins may generate temporary speculative interest, NFTs offer deeper, richer experiences based on their uniqueness.
“I would say the main difference is that NFTs are unique objects and that makes them much more sophisticated and superior in terms of storytelling.” Nicolas Lallement
Additionally, Lallement highlighted emerging trends in blockchain development aimed at bridging the gap between NFTs and meme coins, pointing to the ERC-404 standard popularized by Pandora as an example of this convergence.
The nft Price Floor co-founder also pointed to the recent launch of nft Pulse, an analytics platform developed by venture firm Electric Capital, as a “sign of the growing interest in NFTs.” As previously reported by crypto.news, the California-based venture capital firm unveiled a new analytics platform designed to address the shortage of cross-chain data and transparency in billing for digital collectibles.
