Why the NFT market will go from $2B to $60 billion

The text argues that the NFT market, currently around $2 billion and down roughly 90% from its peak, is undervalued because major museums have already built collections of on-chain art. MoMA acquired Refik Anadol's Unsupervised in 2023, and Centre Pompidou acquired 18 NFT works from 13 artists that year, with curator Marcella Lista describing them as a continuation of the museum's existing collection. LACMA received 22 generative and blockchain works in February 2023 from collector Cozomo de' Medici. The text compares this to Impressionism and Pop Art, which it says were ridiculed before institutional adoption and later market repricing.