Bitcoin halving will spur ‘surge’ in NFT volume
Cointelegraph - The nonfungible token (NFT) ecosystem anticipates a price surge after the Bitcoin halving event. Spot Bitcoin exchange-traded funds (ETFs) have notched a record $10 billion trading volume day. Meanwhile, Bitcoin rallied past $69,000 for the first time since 2021 to hit a new all-time high. Bitcoin halving will spur ‘surge’ in NFT volume Professionals working in the NFT space believe that the upcoming Bitcoin halving will not only affect crypto tokens but may also positively impact the NFT ecosystem. Cointelegraph Oscar Franklin Tan, the chief financial officer of Atlas Development, a core contributor to the NFT platform Enjin, showed optimism about a price surge in NFTs after the Bitcoin halving. He told Cointelegraph: “Prices and volumes should eventually surge after the halving as part of the known cycle. Because NFTs are established segments of ecosystems, interest from Bitcoin will spill over into NFTs together with altcoins.” According to Tan, the halving will impa...