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Crypto-assets can affect financial stability through a number of channels and vulnerabilities: interconnectedness with traditional finance; market volatility and lack of transparency; liquidity Alexander Salnikov, co-founder of Rarible, believes the market is not facing a collapse but rather a shift. In an exclusive interview with BeInCrypto, Salnikov offered his In this note, we analyze the recent developments in the rapidly shifting macro environment and the implications for crypto as an asset class. We also assess the out-of-sample performance October has been historically observed as a favorable month for cryptocurrencies. Just within the past few weeks, the market has gone parabolic, with Bitcoin Hace 3 días Bitcoin, generally thought inhospitable to NFTs, saw its own version of NFTs emerge via Ordinals, treating tiny fractions of BTC as unique collectibles. Together, NFTs on Younger investors and crypto workers are more likely to invest in NFTs. Yield farmers and derivatives users are more inclined toward NFT ownership. Those wary of crypto misuse are With just 10 days into the month, the cumulative value of Ethereum-based NFTs sold is at the brink of the $2 billion mark. If the pace doesn’t slow down in the coming Despite an initial surge in 2025, NFTs have seen a significant decline, with daily sales volume dropping by 90 percent since January 2025 according to NFT statistics Several key factors contributed to the NFT crash, encompassing the psychology of economic bubbles, NFT wash trading, the volatility of the broader crypto market

Is the Market Really Seeing a Macro Shift from Cryptos to NFTs?

The crypto market is constantly evolving, leading to questions about emerging trends. One pressing question is: is the market indeed witnessing a macro shift from cryptos to NFTs? While the relationship is complex, understanding the underlying factors is crucial.

The Interplay of Crypto and NFTs

Traditionally, cryptocurrencies have been the gateway to the NFT space. You typically need crypto to purchase NFTs. However, recent trends suggest a more nuanced dynamic. Alexander Salnikov, co-founder of Rarible, believes the market is not facing a collapse but rather a shift. In an exclusive interview with BeInCrypto, Salnikov offered his insights, pointing towards evolving investment strategies.

This shift needs careful consideration, especially given the recognized vulnerabilities within the crypto market. As noted by financial analysts, "Crypto-assets can affect financial stability through a number of channels and vulnerabilities: interconnectedness with traditional finance; market volatility and lack of transparency; liquidity." These factors can influence investor sentiment and potentially drive interest towards alternative digital assets like NFTs.

NFT Market Performance and Trends

While the broader crypto market experiences its own fluctuations, the NFT market exhibits unique characteristics. Even Bitcoin, "generally thought inhospitable to NFTs, saw its own version of NFTs emerge via Ordinals, treating tiny fractions of BTC as unique collectibles." This demonstrates the expanding influence of NFTs beyond traditional blockchain applications.

Ethereum, in particular, continues to be a significant player in the NFT space. "With just 10 days into the month, the cumulative value of Ethereum-based NFTs sold is at the brink of the $2 billion mark. If the pace doesn’t slow down…" This indicates a robust level of activity and interest in Ethereum-based NFTs.

However, it\'s essential to acknowledge the historical volatility of the NFT market. The industry has seen periods of both rapid growth and significant decline. “Despite an initial surge in 2025, NFTs have seen a significant decline, with daily sales volume dropping by 90 percent since January 2025 according to NFT statistics.”

Factors Influencing the Shift

Several factors contribute to potential shifts between crypto and NFTs. These include:

  • Investor Demographics: "Younger investors and crypto workers are more likely to invest in NFTs. Yield farmers and derivatives users are more inclined toward NFT ownership. Those wary of crypto misuse are…" less inclined to invest.
  • Market Sentiment: Shifts in risk appetite and overall economic conditions can influence investment choices. "In this note, we analyze the recent developments in the rapidly shifting macro environment and the implications for crypto as an asset class. We also assess the out-of-sample performance."
  • Economic Bubbles and Volatility: "Several key factors contributed to the NFT crash, encompassing the psychology of economic bubbles, NFT wash trading, the volatility of the broader crypto market." These factors can drive investors towards potentially more stable or diverse asset classes.

Looking Ahead

While "October has been historically observed as a favorable month for cryptocurrencies. Just within the past few weeks, the market has gone parabolic, with Bitcoin" experiencing considerable gains, the long-term trends remain uncertain. The evolving regulatory landscape, technological advancements, and changing investor preferences will continue to shape the future of both the crypto and NFT markets. Whether a full-blown macro shift is underway remains to be seen, but the current trends warrant close observation and careful analysis.

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