- Like many experts, Changpeng Zhao believes that NFT и DAO have not outlived themselves at the idea level and can be reborn in a renewed form.
- In his opinion, DAO will still come closer to their former popularity, and NFT are unlikely to be able to repeat their previous success.
Changpeng Zhao isn’t ready to write off NFT and decentralized autonomous organizations (DAO). Founder Binance believes that both will return, just not in the form that most people remember.
I think a lot of things will get a second wind, but the second wind will most likely be a little different, – сказал Zhao during an interview.
He noted that concepts such as DAO и NFT can evolve into new iterations, sometimes called NFT2, while maintaining similar ideas. According to Zhao, the next iteration will include small changes that will allow what wasn’t working before to suddenly work at full capacity.
Regarding tokenized art, the expert added that it will likely “gain momentum repeatedly in the future, even if the timing of sustainable growth is still unclear.”
Zhao’s optimistic outlook comes as the market is still reeling from the aftermath and waning excitement of the 2021 boom.
NFT peaked in popularity in early 2022, during one of the most speculative periods in cryptocurrency history. Since then, 95% of non-fungible token collections have become virtually worthless. By 2025, the overall market NFT-art production has declined by 93% from its peak.
We recommend reading on this topic NFT Article Happy Coin News, which describes trends in this sector, lists the reasons for the loss of former popularity and the prospects for digital art in the form of non-fungible tokens in the future.
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