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Industry expresses confidence in the NFT space amid the FTX collapse

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Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter, with trading volumes going down by 98%.

With the FTX debacle, the once burgeoning space seems to have been hit with the final nail to its coffin. However, executives within the industry are optimistic about the space’s recovery.

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