Web3 a scorching subject at SXSW regardless of bear market and declining curiosity in NFTs

Large rabbits carrying stylish outfits located alongside cartoon characters with rainbows flowing out of their mouths lined the streets of South by Southwest (SXSW) final 12 months. It is because two nonfungible token (NFT) tasks — Doodles and Fluf World — dominated SXSW 2022.

But these tasks had been nowhere to be discovered at SXSW 2023, demonstrating the dearth of curiosity in NFTs this 12 months. This shouldn’t come as a shock, although. With crypto costs down, coupled with declining NFT costs and buying and selling volumes, only a few tasks appear to be targeted on digital collectibles. As an alternative, SXSW 2023 was overrun by main manufacturers and consultancy corporations boasting the promise of Web3.

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