Is the Indian NFT Scene Dead in 2025? A 5 Year Creator’s Perspective

Every few months, the same question comes back.

Is the Indian NFT scene dead?

In 2025, the question feels louder because the noise is gone. There are fewer headlines, fewer panels, fewer viral announcements. For someone looking from the outside, it can easily feel like NFTs in India were just a short phase that came and went.

But for creators who never left, the reality looks very different.

I have been creating NFTs since 2020. I entered this space before it had attention, stayed through the peak, and continued working when the hype collapsed. From that position, I can say this clearly.

The Indian NFT scene is not dead.
It has simply become honest.

What People Mistake for Death

Most people associate NFTs with visibility. Big sales screenshots. Media articles. Crowded events. Loud online conversations.

When those things slow down, they assume the entire space has ended.

What actually ended was speculation.

Between 2021 and early 2022, many people entered NFTs for fast outcomes. When the market cooled, most of them stopped minting, stopped talking, and quietly moved on to something else. Their exit created silence.

That silence is not absence.
It is space.

What Stayed Alive Beneath the Noise

For artists who treated NFTs as a medium instead of a trend, the work never stopped.

I continued creating psychedelic fractal animations, motion based artworks, and experimental visuals rooted in years of digital practice. Sales were slower, but they were real. Conversations became deeper. Collectors became more intentional.

In March 2025, something important happened for me.

I sold twelve editions of my NFT project Schizodelic on Buildtree. This was not a hype driven drop. It was a community driven moment. With that same project, I became the first Indian NFT artist to sell a tshirt through an NFT.

This mattered not because of numbers, but because it showed that NFTs in India can evolve beyond screens and speculation into real cultural exchange.

When NFTs Met People Offline

Later in March, from the twenty first to the twenty third, I showcased my work at an exhibition in Bharat Mandapam in New Delhi.

This was not a crypto crowd.

These were everyday people. Art lovers. Curious visitors. Families. First time buyers.

I explained NFTs to people who had never owned crypto before. I showed them how digital art connects to physical prints. Many of them bought physical prints of my NFT artworks to support my journey.

That moment alone answers the question about whether NFTs are dead.

When people connect with the art first, the technology becomes secondary.

What 2025 Actually Looks Like for Indian NFT Artists

From October to December this year, I sold more than nineteen NFTs. Quietly. Consistently. Without announcements.

This is what the Indian NFT scene looks like now.

Smaller circles.
Slower pace.
Real collectors.
Artists who actually enjoy creating.

There are fewer voices, but the ones that remain are serious.

Why Staying Matters More Than Being Early

Being early does not mean much if you do not stay.

NFTs reward consistency over time. Every mint leaves a timestamp. Every sale leaves a trail. Every artwork adds to a body of work that can be traced years later.

Many artists who were visible in articles during 2022 are no longer active today. Meanwhile, creators who stayed are quietly building something that makes sense beyond cycles.

I never saw NFTs as a shortcut. I saw them as a place to archive a visual language shaped by motion, mathematics, imagination, and lived experience.

That mindset changes everything.

So Is the Indian NFT Scene Dead

If you measure NFTs by hype, then yes, that phase is over.

If you measure NFTs by creation, connection, and continuity, then no, it is very much alive.

It is just no longer trying to impress anyone.

For artists like me, NFTs are not about chasing the next wave. They are about showing up, year after year, and letting the work speak when words stop working.

Looking Ahead

NFTs in India will not grow through noise again. They will grow through trust, culture, and real artistic journeys.

The next chapter will not belong to those who shouted the loudest.
It will belong to those who stayed when it got quiet.

For me, this journey is still unfolding.

Written by Shivansh Rawat
Indian NFT artist creating since 2020
Working with psychedelic fractals, motion, and digital permanence

Is the Indian NFT Scene Dead in 2025? A 5 Year Creator’s Perspective was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.