NFT market resets amid major platform pivots – here's the latest: • NFT total market cap falls below $1.5B, returning to pre-2021 frenzy levels • Magic Eden begins winding down Bitcoin & EVM marketplaces from March 2026 • Supply surged 25% in 2025 while sales dropped 37%, with average prices below $100 • Market shifts to utility-driven "Digital Objects" for loyalty & authentication • Blue-chip collections like CryptoPunks retain value but are down 80-95% from peaks
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