What happened to NFTs since November 1, 2025?
This post is simply to help people who are new to NFTs understand what has happened.
1. Mintify has closed and is no longer operating
2. NFT market trading volume has dropped by 88% (from $10M to $1.2M)
3. ME has stopped supporting all NFT networks except Solana
4.
Parsec.fi a platform for viewing charts and market data, has shut down
5. Binance is shutting down its centralized NFT service on July 3
6. We have gone from making profits in eth to making profits in usd
7. Blur, Element Market, and OKX NFT Marketplace are no longer popular
8. OpenSea has effectively become a monopoly