- Marrione Manalo believes the NFT industry is going through a metamorphosis.
- The process would be worth it only if the industry achieved its original goal.
- According to Manalo, the initial rise of NFT hinged on spectacle and buzz with no depth.
Marrione Manalo, a comic book illustrator and metaverse creative director, believes the NFT industry is going through a metamorphosis that is proving to be a painful process. In a chat with Coin Edition, Manalo noted that the process would be worth it only if the industry achieved its original goal.
According to the metaverse expert, the initial rise of NFT hinged on spectacle and buzz with no depth. Manalo noted that it was all about digital art pieces devoid of a distinct style or compelling narrative, where creators released so-called “limited collections” only available to elite circles with staggering price tags.
The comic book illustrator explained that glamorous superficiality can only take the industry so far. Hence, the current grapple with the aftermath – the devastation into nothingness.
Manalo identified some unanswered questions that could have reshaped the industry. Questions like: Who are the NF…
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