The NFT market is undergoing a restructuring, and a small number of projects such as Pudgy Penguins and Doodles are shifting from speculation to sustainable brand operations, demonstrating their ability to convert to real businesses. The industry is clearly diverging; NFT projects that rely on scarcity are losing their appeal, and a complete business model needs to be built. Game mechanics are also shifting from “Play-to-Earn” to “Play-to-Own,” emphasizing asset ownership. The trend of tokenizing NFT IP is gaining traction, but there are risks of fragmented governance and declining loyalty. Going forward, projects that can establish genuine demand and form a closed-loop business cycle are more likely to survive.

Gate News message, April 3, Intergaze, a zero-gas-fee chain optimized for NFTs, announced its official shutdown. All users must complete asset withdrawals within 14 days before the bridge is shut down. The NFTs of NFT holders will be migrated to the new platform in the second half of May.

From 2026-04-02 14:30 to 14:45 (UTC), the ETH price surged rapidly, with a return of +1.52%. The price range was 2038.01 to 2071.65 USDT, and the amplitude reached 1.65%. During this period, market attention noticeably increased, capital flows accelerated, and short-term volatility intensified. The main drivers behind this unusual market move are a significant rise in on-chain activity and the innovative effects across the DeFi and NFT ecosystems. Data shows that the number of active Ethereum addresses jumped from 380,000 to 840,000, an increase of as much as 121%. In the same period, the average daily trading volume rose from 1 million to 2.5 million USDT.

Gate News reports that on March 29, despite several digital art projects debuting at the Hong Kong Basel Art Fair, the NFT market overall remains sluggish, showing no clear signs of recovery. Specifically, the listing price for Bored Ape 5278 in the "Bored Ape" series is currently just 7 ETH, down over 100 ETH from its last transaction price, reflecting a significant decline in the valuation of top NFT assets. Once regarded as a rapidly rising asset class, the NFT art market has notably cooled, with both liquidity and price performance continuing to face pressure.

Etherscan updated its blockchain explorer on March 27, adding a real-time metadata display for trustless agents registered under the ERC-8004 identity registry on the NFT detail page, including agent status, payment support, and skill information, aimed at providing identity and reputation verification mechanisms for blockchain AI agents.

This week, the NFT market showed active trading with buyer numbers growing 100.75% to reach 236,771 people, and seller numbers increasing 141.83% to 295,021 people, but total transaction volume declined 31.63% to 903,279 transactions. Ethereum and Polygon performed outstandingly, particularly with Polygon's Courtyard series experiencing significant sales growth. Analysis indicates that despite the increase in buyers, the average purchase quantity per person has declined, resulting in limited overall sales growth.

Gate News, on March 24, according to CryptoSlam data, total NFT market sales for March reached $105.9 million, marking the lowest monthly sales record since 2021.

Metaverse land prices plummeted 99.8%, with plots once valued at $24 million now worth only $9,000, reflecting market revaluation. NFT market trading volume declined significantly, though sales volume increased, shifting toward cheaper assets. High-end valuations were further eroded, indicating the market is moving toward utility-based assets.

Gate News: On March 19, NFT series Azuki launched TCG digital card Gate 0, which users can mint for free. The official team stated that Gate 0 is not a playable card in the Azuki TCG and does not have any gaming functionality, existing solely as a collectible.

Gate News reports that on March 18, Sui ecosystem decentralized AI infrastructure project DeAgentAI announced it has completed the second round of AIA token airdrop distribution to Genesis NFT holders. The airdrop has been directly sent to users' bound Sui