Could AI give NFTs a second chance?

NFTs are worth up to 97% less than at their January 2022 peak, with global sales this year under $2 billion, and INSEAD's Ben Charoenwong expects them to persist only as a niche collectible market. Andrea Barbon of the University of St Gallen sees possible futures in tokenizing real-world assets and in giving AI agents unique, verifiable NFT identities, as well as letting creators tokenize work to track AI training use. The article cites the Bored Ape Yacht Club, including Justin Bieber's purchase that fell roughly 99% in value, as emblematic of the decline.