Quick TakeThis piece summarizes key themes that have influenced the NFT market in the first half of 2022After reaching an all-time high of $16.6B in January, NFT trading volumes have since consistently declinedAirdrops have emerged as an essential tool to capture NFT traders’ attention, while free mints have cast their spell on the space in the face of a major market downturnNFT projects are enacting increasingly diverging strategies in terms of IP rights that gravitate towards both extreme ends of the spectrumNFT financialization protocols have sprung up but still lack sufficient base liquidity
