Justin Sun says NFTs are still fine - and maybe they are

Justin Sun recently said that he’s investing in NFTs and believes the NFT space is still doing fine.

To some, this might sound odd. After all, during the 2020-2021 boom, NFTs sold for millions, but today, an artist would be lucky to sell anything for that price - except maybe a real banana taped to a real wall with real duct tape, not a tokenized artwork.

Yet, Justin Sun’s own history with the banana offers insight into why NFTs are still relevant. He bought the artwork as a way to honor or support the artist. And for many creators, NFTs remain one of the simplest ways to earn rewards for their creativity.

The NFT industry continues to grow, with new marketplaces like Mallow, WalletBubbles, and Rodeo emerging. These platforms let artists showcase their work and get paid by those who appreciate it. Payments in crypto mean artists avoid the hassle of dealing with payment services or setting up card processing. It’s simple and streamlined.

As long as art lovers exist, crypto and NFTs will help artists monetize their talent.

And if you need to exchange SOL, ETH, or other crypto accepted on NFT marketplaces, you can always do so at rabbit.io.