One Little-Known Crypto That Could Benefit From a Rebound in the NFT Market

While prices for non-fungible tokens (NFTs) have fallen in line with the broader crypto market in recent weeks, there is still substantial excitement around these digital assets, especially if they involve high-profile artists. Until recently, though, investors have viewed these NFTs simply as speculative artwork, and that has caused tremendous volatility.

However, what we are seeing now is the emergence of utility-based NFTs that go beyond traditional NFTs, and that is shifting attention to the blockchains making this possible. That's good news for Polygon (CRYPTO: MATIC), which has become one of the most popular blockchains for minting new, utility-based NFTs. MATIC is now one of the Top 20 cryptos in the world, with a market capitalization of nearly $5 billion.

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Source Fool.com