The NFT sector saw remarkable growth in 2021, attracting artists, investors, and collectors. However, this surge was followed by a decline, raising concerns about its sustainability.

Alexander Salnikov from Rarible believes the market is shifting rather than collapsing. In an interview with BeInCrypto, he shared insights on the future of NFTs in 2025.

The excitement and speculation surrounding NFTs led to an inevitable boom, subsequently followed by a market correction. DappRadar's report showed a significant drop in the art NFT market trading volume from $2.9 billion in 2021 to $23.8 million in Q1 2025.

Salnikov remains optimistic about the sector, emphasizing the importance of meaningful purposes for NFTs. He sees NFTs evolving beyond speculative assets, transforming into tools for building communities and digital economies.

The NFT space is witnessing real-world utility as creators utilize NFTs for various functions such as memberships and loyalty programs. Despite challenges faced by some platforms due to low trading volumes, others are adapting to new strategies to enhance user experience and engagement.

The involvement of celebrities in NFTs during the hype era brought attention to the sector, but their strategies have not always been successful. Salnikov highlights the need for substance beyond celebrity names, stressing the significance of genuine creative direction and community engagement for lasting value.

Looking ahead, the NFT market continues to evolve, with the focus shifting towards lasting community-driven initiatives and user-friendly experiences to drive growth and sustainability.