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The market just hit a nerve: Is this the start of a 7 per cent crash?

The market just hit a nerve: Is this the start of a 7 per cent crash?

The narrative of a year-end rally persists but faces headwinds from softening labour data and geopolitical shifts. In my view, this moment represents a healthy pause in an otherwise robust bull market that began surging after the dramatic events of April 2025. That month marked what President Trump dubbed Liberation Day on April 2, when he unveiled sweeping tariffs across nearly all sectors of the US economy.

The announcement sparked immediate panic and a sharp sell-off, but markets quickly rebounded as companies announced massive onshore investments to sidestep the trade barriers. This rally propelled the S&P 500 and Nasdaq to impressive heights over the summer. Still, now signs of fatigue emerge in both the US and China, the two economic powerhouses driving global growth.

Market exhaustion and sector pressures

The United States stock market showed clear exhaustion last Friday, with major indices closing lower amid broader concerns about the pace of economic expansion. The S&P 500 declined by 0.32 per cent, the Nasdaq Composite edged down 0.03 per cent, and the Dow Jones Industrial Average fell 0.48 per cent. Energy and financial sectors led the downturn, as traders reacted to softer-than-expected labour figures and anticipation of Federal Reserve actions.

Nvidia, the bellwether of the technology sector, dipped below its 50-day moving average for the first time in weeks, trading around US$172 per share, while the average hovered at US$172.32 per share. This technical breach signals potential volatility in tech-heavy indices, where Nvidia’s performance often sets the tone.

The AI hype meets reality

Investors poured billions into artificial intelligence plays earlier this year, fuelled by the post-Liberation Day optimism, but now they demand tangible results rather than vague promises. Companies must demonstrate how AI translates into revenue and efficiency gains, or risk sharp corrections.

Salesforce exemplified this shift last week when its shares faced pressure amid fierce competition in the AI arena. The company rolled out new AI products under its Agentforce platform, aiming to empower small and medium-sized businesses with autonomous agents for tasks like customer service and data analysis.

However, rivals like Microsoft and Google intensified their offerings, with integrations that challenge Salesforce’s dominance in customer relationship management. Salesforce executives highlighted predictions that AI agents will transform industries by 2025, enabling smaller firms to compete with giants through more intelligent automation. Yet, market reaction turned skeptical as earnings reports revealed slower adoption rates than anticipated.

In my opinion, Salesforce remains well-positioned for the long term because its ecosystem seamlessly integrates AI across sales, marketing, and service tools. However, short-term hurdles from competition could cap the upside until proof of widespread deployment materialises. This evolving AI theme underscores a broader market maturation, where hype gives way to fundamentals.

Currency markets and the dollar debate

On the currency front, bets against the US dollar appear overly aggressive at this juncture. The Dollar Index closed 0.6 per cent lower last Friday at around 97.93, reflecting heightened expectations for Federal Reserve rate cuts. A steadier US economy, combined with persistent inflation above the Fed’s target, suggests fewer cuts than the market currently prices in, anticipating about five 25-basis-point reductions through September 2026.

The August non-farm payrolls report added fuel to this fire, showing only 22,000 jobs added, far below the forecasted 75,000, while June figures were revised to an outright loss. Unemployment climbed to 4.3 per cent, the highest in nearly four years, prompting traders to bake in a 25 basis point cut for the September 17 meeting and even 12 per cent odds of a 50 basis point move.

Yet, I believe the dollar’s downside remains limited. President Trump’s administration has secured over US$5 trillion in new onshore investments from companies and countries alike, including a US$1 trillion commitment from Japan and US$600 billion from Saudi Arabia over the next four years.

These inflows, aimed at bolstering domestic manufacturing amid the trade war, will sustain demand for the greenback. If the Dollar Index surges past 100, it could pressure US equities, particularly megacap stocks like those in the Magnificent Seven, which derive significant revenue from overseas operations.

Seasonal corrections and buying opportunities

A pullback of five to seven per cent in the S&P 500 seems likely, and perhaps steeper for the Nasdaq given its outsized gains since the Liberation Day rebound. The index wiped out all 2025 losses by mid-May, climbing from April lows around 6,000 to current levels near 6,450. No major negative catalysts loom on the horizon, such as earnings disappointments or policy shocks, so any correction should prove shallow and short-lived.

Strong buy orders cluster at key support levels, like the 200-day moving average for the S&P around 6,200, which could absorb selling pressure and preserve constructive sentiment heading into the traditional post-September rally. Historically, markets often experience the “September blues” but rebound strongly into year-end, especially when central banks ease their policy. With the Fed poised for cuts and global liquidity ample, I see this dip as a buying opportunity for long-term investors focused on AI and infrastructure themes.

Global macro landscape

Turning to the macro landscape, global risk appetite found some relief after US indices trimmed losses from recent peaks. Traders parsed the soft labor data, which highlighted a cooling job market without tipping into recession territory. The Bureau of Labor Statistics reported that average hourly earnings rose 0.3 per cent to US$36.53, indicating that wage pressures persist and could keep inflation sticky.

US Treasuries extended their rally, with the two-year yield dropping 7.9 basis points to 3.51 per cent and the ten-year yield falling 8.7 basis points to 4.07 per cent. This flight to safety reflects bets on aggressive Fed easing, but longer-term yields remain elevated due to fiscal expansion under the current administration. Gold prices climbed 1.2 per cent to hold above US$3,500 per ounce, reaching US$3,590 on Monday as a hedge against uncertainty.

Brent crude oil retreated 2.2 per cent toward US$65 per barrel, with OPEC+ signalling plans to increase production amid ample supply and softening demand forecasts. S&P Global analysts predict dated Brent could slide to US$55 by year-end, pressured by trade tensions and slower global growth.

Asia’s market resilience

Asian equity markets opened stronger on Monday, buoyed by political developments in Japan. The Nikkei 225 advanced 1.62 per cent to 43,714, leading gains after Prime Minister Shigeru Ishiba announced his resignation over the weekend. Ishiba stepped down following his Liberal Democratic Party’s historic election losses in July, which eroded his support and raised questions about fiscal policy continuity.

The yen weakened against the dollar on fears that political instability would delay Bank of Japan rate hikes, trading near 150 yen per chat. South Korea’s Kospi rose 0.24 per cent to 3,212, while Australia’s ASX 200 dipped 0.45 per cent.

Investors now await China’s August trade data, released later today, to assess the trade war’s toll. Exports grew at the slowest pace in six months, missing forecasts as shipments to the US declined sharply despite a brief truce in tariffs. Imports fell even more, signaling weak domestic demand. The US imposed tariffs up to 145 per cent on Chinese goods this year, escalating the conflict and prompting Beijing to retaliate with measures on American agriculture and tech.

In my assessment, China’s economy faces headwinds from this standoff, but stimulus measures, such as fee cuts in its US$4.9 trillion mutual fund industry, could provide a buffer. Overall, Asian markets demonstrate resilience, with tech and value stocks trading below their estimated worth, offering attractive entry points.

Crypto markets: Signs of recovery

The cryptocurrency market mirrored broader risk assets, with Bitcoin staging a modest recovery after three weeks of declines from its all-time high of US$124,474. The leading digital asset steadied at around US$110,900 on Monday, up nearly three per cent for the week. Technical indicators support further upside if momentum builds. The Relative Strength Index on the daily chart rose to 46, indicating a shift toward the neutral 50 level as bearish pressure subsides.

The Moving Average Convergence Divergence flashed a bullish crossover on Saturday, signalling improving sentiment and potential buy opportunities. Should Bitcoin push past its daily resistance at US$116,000, it could extend the rally toward US$120,000, driven by institutional inflows and halving cycle dynamics. However, a breakdown below US$105,573 in support might trigger a deeper correction toward US$100,000, especially if equity markets wobble.

Ethereum, meanwhile, consolidated between US$4,232 and US$4,488 for nine straight days, trading around US$4,300 after bouncing from the lower boundary. The RSI hovered near 50, reflecting trader indecision. A close above US$4,488 could propel Ethereum toward its record high of US$4,956, bolstered by network upgrades and ETF approvals.

Conversely, a drop below US$4,232 risks testing the 50-day exponential moving average at US$4,077. In the crypto realm, I remain bullish on both assets as adoption accelerates, but volatility tied to macro events like Fed decisions warrants caution. Bitcoin’s role as digital gold strengthens amid dollar strength debates, while Ethereum’s utility in decentralised finance positions it for outsized gains if AI integrations proliferate.

Closing thoughts: A balanced outlook

In reflecting on this market snapshot, I advocate a balanced yet optimistic stance. The post-Liberation Day rally transformed the economic landscape, channeling trillions into US onshore projects that promise job creation and supply chain resilience. Sure, trade wars with China inflict pain, curbing export growth and inflating costs, but they also spur innovation and domestic investment.

The weak jobs report underscores the need for Fed easing, which should lubricate markets without igniting inflation spirals. Political turbulence in Japan adds uncertainty, but history shows such transitions often lead to pro-growth policies.

For investors, focus on quality names in AI, renewables, and infrastructure to navigate the pullback. A five to seven per cent dip offers a chance to accumulate, as year-end tailwinds from holiday spending and tax strategies loom large.

Crypto enthusiasts should view Bitcoin’s technical rebound as a sign of resilience, while Ethereum’s consolidation suggests a breakout if global liquidity flows in. Overall, markets are taking a breather now, but the underlying momentum remains upward. Prudent positioning today sets the stage for substantial rewards by 2026.

 

Source: https://e27.co/the-market-just-hit-a-nerve-is-this-the-start-of-a-7-per-cent-crash-20250908/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Ether soars past US$4,300, gold hits US$3,400: Is a new duty rule about to crash the market?

Ether soars past US$4,300, gold hits US$3,400: Is a new duty rule about to crash the market?

A wave of cautious hope surrounding a potential Russia-Ukraine ceasefire has buoyed global risk sentiment, propelling US stock markets to their strongest weekly performance since June. The S&P 500 climbed 0.8 per cent, the Nasdaq surged one per cent, and the Dow Jones edged up 0.5 per cent, primarily driven by a rally in big technology stocks. This optimism stems from reports of diplomatic engagements, including a confirmed meeting between Presidents Vladimir Putin and Donald Trump, which has sparked speculation about a possible de-escalation in the Russia-Ukraine conflict.

Such a development could alleviate a significant geopolitical overhang, fostering a more favourable environment for risk assets. This positivity is tempered by uncertainties in US monetary policy, trade dynamics, and the evolving role of cryptocurrencies, particularly stablecoins, in reshaping global finance.

The US stock market’s recent gains reflect a broader market narrative of resilience amid geopolitical and economic crosscurrents. The technology sector, a perennial driver of market momentum, has been at the forefront, with companies like Nvidia and AMD playing pivotal roles. Reports indicate that these chipmakers have agreed to remit 15 per cent of their China chip sales revenue to the US government to secure export licenses, a move that underscores the intricate balance between national security and economic interests.

This agreement, while facilitating continued access to the lucrative Chinese market, has sparked debate about its legality under the US Constitution, which prohibits export taxes. Critics argue it could set a precedent for unconventional trade policies, while supporters view it as a pragmatic compromise to maintain technological competitiveness. The deal highlights the strategic importance of semiconductors in global trade, particularly as tensions between the US and China intensify. Despite these complexities, the tech-driven rally in US equities signals investor confidence in the sector’s long-term growth prospects, even as trade uncertainties loom.

In the bond market, US Treasuries experienced a decline last Friday, with yields rising by 3 to 5 basis points across the curve in a subdued trading session. Investors remain focused on the Federal Reserve’s leadership transitions, particularly President Trump’s nomination of Stephen Miran, Chairman of the Council of Economic Advisers, for a Fed governor role. This appointment has fuelled speculation about a potential shift toward a more dovish monetary policy stance, as Miran’s economic philosophy aligns with Trump’s preference for lower interest rates to stimulate growth.

The US Dollar Index, which dipped 0.22 per cent, later recovered some ground following this news, reflecting market sensitivity to Fed leadership changes. The anticipation of upcoming inflation data, with the Consumer Price Index (CPI) report due on Tuesday and the Producer Price Index (PPI) report on Thursday, adds another layer of complexity.

Federal Reserve Chair Jerome Powell’s recent comments at the Federal Open Market Committee meeting, suggesting that a September rate cut is less likely and will hinge on macroeconomic data, have tempered expectations for immediate easing. These reports will be critical in shaping the Fed’s policy trajectory, as persistent inflationary pressures could force a more hawkish stance, impacting both equity and bond markets.

Geopolitical and policy developments have also swayed commodity markets. Gold prices surged to nearly US$3,400 per ounce after a US government agency ruled that gold bars would be subject to duties, triggering volatility in bullion markets. The White House’s promise of a forthcoming clarification has done little to quell uncertainty, as investors grapple with the potential cost implications for gold as a safe-haven asset.

Meanwhile, Brent crude prices remained unchanged after a volatile session, reflecting the market’s indecision amid ceasefire optimism and ongoing geopolitical risks. The stability in oil prices suggests a wait-and-see approach, as traders assess whether reduced tensions in Eastern Europe could ease supply concerns or if other global factors, such as US tariffs, might sustain price pressures.

In Asia, equity indices opened with mixed performance, signalling varied regional responses to global developments. US equity index futures, however, point to a positive opening, suggesting that the momentum from last week’s rally may persist. This divergence underscores the fragmented nature of global risk sentiment, where local economic conditions and policy responses shape market outcomes.

For instance, Hong Kong’s Hang Seng index has benefited from a recovery in Chinese technology stocks, driven by President Xi Jinping’s public engagement with tech leaders, signalling a potential easing of regulatory pressures. This contrasts with mainland China’s more subdued market performance, highlighting the nuanced dynamics within Asian markets.

The cryptocurrency market has emerged as a focal point of investor enthusiasm, propelled by significant policy shifts in the US Bitcoin soared past US$121,000, and Ethereum reached US$4,300, fuelled by President Trump’s executive order exploring the inclusion of cryptocurrencies in 401(k) retirement accounts. This move, which also considers private equity, could unlock substantial demand by opening millions of American retirement portfolios to higher-risk assets.

Spot Ethereum exchange-traded funds (ETFs) have outpaced Bitcoin ETFs, attracting US$461 million in inflows over the past week, reflecting robust institutional interest. Ethereum’s price, now 11 per cent below its all-time high of US$4,878, may continue to outperform Bitcoin if these inflows persist. The influence of large corporate treasuries, as noted by industry expert Anndy Lian, underscores their role in driving price action. Lian’s assertion that investors should remain steadfast as long as these treasuries continue buying highlights the market’s reliance on institutional momentum.

Stablecoins, a subset of cryptocurrencies pegged to assets like the US dollar or Bitcoin, are reshaping the competitive landscape between the US and China. In Hong Kong, new legislation aims to position the city as a global hub for stablecoins and Web3 technologies, which leverage blockchain for decentralised internet applications. This strategic pivot seeks to restore Hong Kong’s stature as a financial powerhouse amid intensifying global competition.

In the US, the Trump administration’s embrace of cryptocurrencies, bolstered by campaign support from crypto advocates, signals a proactive approach to integrating digital assets into mainstream finance. The passage of stablecoin regulations in both jurisdictions underscores their potential to revolutionise global finance by offering stable, blockchain-based alternatives to traditional currencies. This rivalry carries risks, as stablecoins could disrupt monetary policy frameworks and challenge the dominance of fiat currencies like the dollar and renminbi.

From a personal perspective, the convergence of these developments paints a picture of a world at a financial crossroads. The optimism surrounding a potential Russia-Ukraine ceasefire offers a glimmer of hope for stabilising global markets, but the path forward remains fraught with uncertainty. The US stock market’s resilience, driven by technology giants, reflects a broader trend of innovation outpacing geopolitical and economic headwinds. The reliance on tech stocks raises concerns about market concentration and vulnerability to sector-specific shocks.

The Federal Reserve’s cautious stance on rate cuts, coupled with upcoming inflation data, suggests that monetary policy will remain a critical determinant of market direction. The cryptocurrency surge, particularly in stablecoins, signals a transformative shift toward decentralised finance, but it also introduces new risks, including regulatory ambiguity and market volatility. The US-China rivalry over stablecoins and Web3 technologies underscores the strategic importance of digital innovation, but it also highlights the potential for economic fragmentation if competitive tensions escalate.

As markets continue to evolve, adaptability and informed decision-making will be paramount in capitalising on emerging opportunities while mitigating inherent uncertainties.

 

Source: https://e27.co/ether-soars-past-us4300-gold-hits-us3400-is-a-new-duty-rule-about-to-crash-the-market-20250811/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

The NFT Crash: How a Crypto Fad Turned Into a Flop and How You Can Survive It

The NFT Crash: How a Crypto Fad Turned Into a Flop and How You Can Survive It

NFTs, or non-fungible tokens, were once hailed as the next big thing in the crypto world. They were supposed to revolutionize the way we create, own, and trade digital assets, from art and music to games and memes. They were supposed to empower artists and creators and democratize the digital economy. They were supposed to make millions for savvy investors and collectors.

But now, it seems that the NFT craze has come to an abrupt end. According to a report by DappGambl, a website that analyzes the crypto gambling industry, 95% of NFT collections have a market cap of zero. That means that the vast majority of NFTs are worthless and that millions of people who bought them have lost their money.

How did this happen? How did a crypto fad turn into a flop? And what does this mean for the future of NFTs and the cryptocurrency industry?

The Rise and Fall of NFTs

NFTs are essentially digital certificates of ownership recorded on a blockchain, usually Ethereum. They can represent any unique digital asset, such as an image, a video, a song, or a tweet. Unlike traditional digital files, which can be copied and shared endlessly, NFTs are supposed to be scarce and verifiable, giving them value and authenticity.

The concept of NFTs is not new. The first NFTs were created in 2017, with projects such as CryptoKitties and CryptoPunks. However, it was not until 2021 that NFTs exploded in popularity and price. Driven by the hype and speculation around crypto assets, NFTs attracted celebrities, artists, influencers, and investors who saw them as a new way to express themselves, support causes or make profits.

Some of the most notable NFT sales in 2021 include:

These astronomical prices created a frenzy in the NFT market, as more and more people wanted to get in on the action. New platforms, projects, and collections emerged every day, offering various types of NFTs, from art and music to sports and gaming. The supply and demand of NFTs skyrocketed, reaching a peak in August 2021, when the monthly trading volume of NFTs hit $2.8 billion.

However, this boom was not sustainable. As more and more NFTs flooded the market, their quality and originality declined. Many NFTs were simply copies or variations of existing works or concepts with little or no artistic or creative value. Many NFTs were also overpriced or overhyped, with unrealistic expectations or promises. Many NFTs were also vulnerable to technical issues or security breaches, such as hacking or minting errors.

As a result, the demand and interest for NFTs plummeted. Many buyers realized they had bought worthless or dubious assets they could not sell or use. Many sellers realized that they had missed the opportunity to cash out or diversify their portfolios. Many platforms realized that they had failed to attract or retain customers or partners.

According to DappGambl’s report, out of 73,257 NFT collections that it analyzed,

  • 69,795 collections have a market cap of zero ETH.
  • 15% of collections have less than 10 percent ownership.
  • Only 21% of collections have full ownership.
  • 18% of top collections have a floor price of zero.
  • 41% of collections are priced between $5 and $100.
  • Less than 1% of collections are valued above $6,000.

These statistics show that the majority of NFTs are worthless or unsold and that the NFT market is in a state of collapse. The report also predicts that the NFT market will continue to decline, as more and more people lose interest or confidence in NFTs.

The Future of NFTs

Does this mean that NFTs are dead? Not necessarily. While the NFT craze may have been a bubble that burst, the underlying technology and concept of NFTs still have potential and value. NFTs can still offer a novel and innovative way to create, own, and trade digital assets, as well as to support artists and creators and to democratize the digital economy.

Major challenges and limitations

However, for NFTs to survive and thrive, they need to overcome some major challenges and limitations. One of these challenges is the lack of clear and consistent regulation and standards for NFTs. This creates uncertainty and confusion for both creators and consumers, as well as for regulators and policymakers.

NFTs are currently governed by a patchwork of laws and regulations that vary across countries and jurisdictions, making it difficult to determine the legal status, rights, and obligations of NFTs and their owners. Moreover, there is no widely accepted or enforced standard for verifying the authenticity, provenance, and quality of NFTs, which leaves room for fraud, plagiarism, and manipulation.

Another challenge is the low quality and originality of many NFTs. This dilutes the value and appeal of NFTs and undermines their credibility and legitimacy. As the NFT market grows and attracts more participants, there is an influx of low-effort, low-quality, or copied NFTs that flood the market and saturate the demand. These NFTs not only reduce the scarcity and uniqueness of NFTs but also erode the trust and confidence of consumers and collectors who may question the artistic merit and cultural significance of NFTs.

A third challenge is the high volatility and speculation of the NFT market. This exposes investors and collectors to significant risks and losses and discourages long-term appreciation and adoption of NFTs. The NFT market is driven by hype, FOMO (fear of missing out), and celebrity endorsements, which create artificial demand and inflate prices beyond their intrinsic value. The market is also prone to crashes, bubbles, and scams, as seen in the recent decline of NFT sales and prices after a record-breaking peak in March 2023. These factors make the NFT market unpredictable and unstable, deterring potential buyers and sellers who seek more reliable and sustainable returns on their investments.

The last challenge is the limited accessibility and usability of NFTs. This requires technical knowledge and skills, as well as crypto wallets and platforms, to create, buy, sell, or use NFTs. NFTs are not easily accessible or usable for the average person who may not be familiar with the concepts and technologies behind them. To participate in the NFT market, one needs to have a crypto wallet that supports the specific blockchain network that hosts the NFTs, as well as enough cryptocurrency to pay for the transaction fees that can be quite high depending on the network congestion. Moreover, one needs to use specialized platforms or marketplaces that facilitate the creation or exchange of NFTs, which may have different features, functions, and interfaces.

Take proactive and collaborative actions

To address these challenges and limitations, the NFT industry and community need to take some proactive and collaborative actions. These actions include developing and adopting best practices and guidelines for creating, valuing, verifying, and marketing NFTs, as well as for ensuring their security, privacy, and interoperability.

These standards would help to establish a common framework and understanding for NFTs, as well as to protect the rights and interests of both creators and consumers. They would also facilitate the exchange and transfer of NFTs across different platforms and networks, as well as to prevent fraud, theft, or misuse of NFTs.

Another action that is needed is to explore and implement more sustainable and efficient solutions for producing and storing NFTs, such as using renewable energy sources or alternative blockchains. These solutions would help to reduce the environmental impact and cost of NFTs, as well as to improve their performance and scalability. For example, some blockchains use a consensus mechanism called Proof-of-Stake (PoS), which does not require intensive computation or electricity to validate transactions and secure the network.

Furthermore, the NFT space needs to foster more creativity and diversity by encouraging more original and innovative works or concepts, as well as more representation and inclusion of different voices and perspectives. These efforts would help to enhance the quality and originality of NFTs, as well as to showcase the artistic potential and cultural value of NFTs. They would also attract more audiences and participants to the NFT market, as well as to foster more collaboration and inspiration among creators.

Additionally, the NFT industry and community need to promote more education and awareness about the benefits and risks of NFTs and their legal and ethical implications for both creators and consumers. These initiatives would help to inform and empower both creators and consumers about their rights and responsibilities regarding NFTs, as well as to provide them with the necessary knowledge and skills to create, buy, sell, or use NFTs. They would also help to dispel some of the myths and misconceptions about NFTs, as well as to address some of the social and moral concerns that may arise from NFTs.

Moreover, the NFT industry and community need to enhance more integration and compatibility of NFTs with other platforms and applications, such as social media, gaming, e-commerce, or art. These integrations would help to increase the accessibility and usability of NFTs, as well as to expand their use cases and functionalities. They would also help to create more value and demand for NFTs, as well as to enrich the user experience and engagement with NFTs.

Finally, the NFT industry and community need to work with the right partners who can bring extraordinary results, too. For example, Oracle Red Bull Racing and Bybit launched the Velocity Pass in this quarter, and they have over 1000ETH trading volume on secondary marketplaces, including Bybit NFT, OpenSea, and Blur, since its release. The latest in its series, called Pursuit by Per Kristian Stoveland, launched on 21 September, has more than 125ETH in volume, with floor price of almost five times.

The Bottom Line

The NFT crash is not the end of the story. It is a wake-up call for the NFT industry and community. It is an opportunity to learn from the mistakes and failures of the past. It is a chance to improve and innovate for the future.

NFTs are not just a crypto fad. They are a crypto phenomenon. They have the potential to transform the way we create, own, and trade digital assets. They have the potential to empower artists and creators. They have the potential to democratize the digital economy.

But they also have the potential to fail. They have the potential to harm the environment. They have the potential to deceive investors. They have the potential to disrupt society.

The future of NFTs depends on how we use them. The future of NFTs depends on us. We will survive it.

 

 

Source: https://www.techopedia.com/the-nft-crash-how-a-crypto-fad-turned-into-a-flop-and-how-you-can-survive-it

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j