Cryptocurrency is really something that we are all aware of and NFTs are basically What is otherwise known as non-fungible tokens. This in all honesty is something that is rather quite unique and goes without saying that this is something rather common these days the term is literally being used everywhere, which just goes on to show how prevalent the entire thing is but with the frequent ups and down that crypto is going through will it affect the value of the NFTs? If so, how much of an impact will it carry and can it end up crashing the entire NFT realm?

They are 2 yet 1

SO NFTs and cryptocurrency is basically digital currency made from the blockchain and the NFTs are digital collectible created using the blockchain while they aren't directly connected they do have the same roots. So while this might be something to speculate about, there is a good possibility that the ups and downs in the crypto values will affect the NFT marketplace. However, there are several ways in which they thrive when compared to crypto so to be completely honest they don't affect much at all. This has already been proven with the abnormally high prices that the NFTs are selling for. So while they are interconnected they aren't entirely.

Conclusion

So to summarise the above content, it goes without saying that these NFTs are here to say that crypto is something that is needed to facilitate the purchase of these NFTs. Apart from the fact that the crypto market would have seen several ups and downs already, the NFTs are already being sold for really high prices. So to conclude it is clear that NFTs are connected to crypto in several different ways and many or most payments use crypto as the base means when it comes to the purchase of NFTs so yes they both are connected but they do not affect each other directly.