The Future of the NFT Market and Challenges of New Projects

The current crypto market is in a downturn, and the NFT sector is no exception. User activity has significantly decreased, with even well-known projects like BAYC and Moonbirds experiencing substantial price drops. In this environment, what is the outlook for the NFT industry? What challenges will new projects face?

To answer these questions, we interviewed the Boxxer team of the upcoming PFP NFT project.

Boxxer is an NFT project consisting of 10,000 unique artworks, featuring creative "cardboard head" character designs. These characters symbolize lives without a place to call home, coming together with their own histories and emotions. The cardboard serves not only as their shelter but also as a medium for self-expression.

Regarding the current coolness of the NFT market, the Boxxer team believes this is a necessary path from hype to maturity. Although trading volume and the number of users have declined, NFTs have become more diversified than in 2021, extending from mere artworks to practical application scenarios. In the future, NFTs may play an important role in various industries such as gaming and real estate.

Boxxer is not just a PFP NFT; it is committed to building a dynamic ecosystem. Users can participate in various interactions, such as customizing NFTs, community activities, exploring game worlds, and project governance. This comprehensive participation is the key to Boxxer standing out in the bear market.

The team stated that they will expand the community size in the future by launching derivative series, increasing practicality, and collaborating with artists. They emphasized that Boxxer is a continuously evolving project, not a one-time product.

To attract new users to the NFT market, the Boxxer team suggests enhancing education and improving accessibility. They believe that every project should provide clear guidelines to help new users understand the process of purchasing and using NFTs. At the same time, creating engaging interactive experiences, such as gamification elements, can increase the appeal of NFTs to a broader audience.

The release plan for Boxxer will be announced through official channels. Interested users can follow their website and social media platforms for participation guidelines.

The NFT market, although facing challenges, still has development potential. New projects like Boxxer inject new vitality into the market through innovative and diversified participation methods. With the maturation of the industry and the expansion of application scenarios, NFTs are expected to play a greater role in the future.