Fetch.ai shared a new proposal for the development of an AI-focused NFT marketplace. This can have a positive impact (if passed) on the dwindling NFT metrics.
The AzoyaLabs team, which is a partner of the Fetch team and has been collaborating with them on the development of FetchStation, proposed allocating community funding for the development of a native NFT market for Fetch.
The interesting part is that it would be geared toward both AI-generated content and AI models for access and distribution using NFTs as a medium.At press time, over 25% of the total votes were registered, with the majority of them agreeing to pass the proposal.The NFT marketplace will not only be beneficial for the blockchain’s NFT ecosystem but can also help increase network activity in general.
It was further mentioned that 25% of the fees generated will be sent back to community funds for future projects.’s NFT space witnessed massive growth during mid-March. However, since then, it has lost momentum. This was evident from FET’s reduced number of NFT trade counts and trade volume in USD.
However, the declining trend might end soon, as several of the on-chain metrics looked bullish. For instance,
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