Polymarket bettors have set the odds of a non-fungible token (NFT) resurgence in 2026 at 65%, marking a record high. This increase in confidence comes despite the NFT market cap currently standing at $3 billion, having dropped over 3% today. The odds have surged by 30% in the past week, with the event contract attracting over $1.12 million.
The NFT sector, which has shown signs of recovery since the start of 2026, is driven by blue-chip projects like CryptoPunks and Bored Apes. Despite a recent 2% decline, the market cap remains above $3 billion, with trading volume rising 26% to $4.5 million in the last 24 hours. However, the sector's value is still far from its 2022 peak of over $15 billion, and many NFTs remain significantly below their peak prices.
Challenges persist, including a lack of utility and criticism of NFT marketplaces like OpenSea, which has shifted focus to crypto aggregation. Recent setbacks include the cancellation of NFT Paris and Nike's sale of its NFT subsidiary. Despite these hurdles, the increased odds on Polymarket suggest a cautious optimism for the NFT market's future.
Polymarket Bets on 65% Odds for NFT Resurgence in 2026
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