While the crypto market is feeling the bottom, the editorial team Happy Coin News decided to figure out which of the previously active segments could gain new momentum and generate profits for investors.
At the beginning of 2026, the market capitalization NFT fell below $1,5 billion, returning to levels last seen before the sector’s rapid growth in 2021.
Change of level capitalization and volume bidding NFT
The significant decline has revived debate about its long-term relevance. NFT, as well as whether the market is in decline or in the process of transformation.
Art Basel Senior Advisor Eli Scheinman считает that NFT how the category will never return to its previous level of activity, describing the market as having ended in its previous form. In his view, the underlying technology is still in the development stage, especially for use NFT as digital property and a new form of art and collecting.
Raoul Pal believesthat blockchain-based art continues to retain value, citing scarcity, cultural significance, and social consensus as key factors influencing pricing and long-term demand.
Animoca Brands co-founder Yat Siu noted that NFT are still in demand among wealthy collectors. Speaking at a crypto conference in St. Moritz, he described the market NFT as supported by a community of participants who purchase assets for ownership rather than for resale.
He compared collecting NFT with traditional markets such as fine art and luxury goods, where ownership often reflects the shared interests of collectors.
Siu added that his personal portfolio NFT decreased by about 80%, but the rest is long-term investments.
It’s clear that this sector of the crypto economy needs to transform. This is likely why Pudgy Penguins recently presented The Pengu Card, a Visa-supported cryptocurrency debit card, allows users to spend cryptocurrencies, including PENGU, USDC, and USDT, at over 150 million merchants worldwide, with automatic conversion to local currency.
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