The NFT Paris and RWA Paris conferences, scheduled for February, have been cancelled due to a significant downturn in the NFT market, which saw its market cap shrink by nearly $7 billion over the past year. Organizers announced the cancellation with a month's notice, citing the market collapse as the primary reason and indicating that these events may not be rescheduled in the future. Ticket holders will receive refunds within 15 days.
Meanwhile, the meme coin market has shown resilience, with a 17% recovery in market capitalization, reaching $48 billion by early December. This recovery has positively influenced Dogecoin's price outlook, although many traders are shifting focus to DeepSnitch AI. This new project, which raised over $1 million during its presale, offers AI-powered analytics and prediction tools, appealing to meme traders seeking higher upside potential and utility beyond traditional meme coins.
NFT Paris Conference Cancelled as Market Cap Plummets $7B
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