NFT sales have dramatically dropped, but analysts believe that this is still not the end for digital collectibles
, the monthly trading volume of non-fungible tokens plunged to 16-month lows even as market participants emphasized that the digital collectibles are not dead.
Per CryptoSlam data, the NFT sales volume dropped to around $550 million until the end of September. So far in October, the sales number is still below the $190 million mark, although almost half of the month has passed.volume looks similar to that of May and June 2021, according to CryptoSlam data. Similarly, the price of the average sales is down to roughly $81, which was just below the $500 mark this time last year.
According to the data, most NFT sales happened at the start of 2022. Data shows that the total amount of sales in January are over $4.7 billion with more than 1.07 million unique buyers and 860,000 unique sellers.Many NFTs lost part or most of their value in the past 10 months. For example, Logan Paul — known for having physical and digital collectibles — purchased an NFT for $623,000 which is now worth only $10.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Damien Hirst livestreams the burning of $10M in art for NFT projectBritish artist Damien Hirst has already burned hundreds of oil paintings at his gallery in London as part of 'The Currency' project, in which collectors were forced to choose between physical art and digital art as NFTs.
Leer más »
Damien Hirst live streams the burning of $10M in art for NFT projectDamien Hirst burns off his own physical artwork and broadcasts the event online. The event is part of the artist's NFT project 'The Currency'.
Leer más »
CNN In Hot Water With Investors After Canceling Its Weird NFT ProjectCNN was one of the earliest NFT adopters — and now, is among the many who have dropped their crypto projects as the market continues its months-long slump.
Leer más »
UK artist burns thousands of paintings and gives buyers NFT replacementsA U.K. artist burned 1,000 pieces of artwork on Tuesday, giving the buyers nonfungible token replicas.
Leer más »
Mutant Ape NFT trading volume spikes over 300% following news of SEC probe into Yuga LabsA similar trend was seen for BAYC, which witnessed an 86% daily jump in trading volume at $1.8 million, data showed.
Leer más »
NFT Music Star Daniel Allan Signs With CAAEXCLUSIVE: Musician and web3 artist Daniel Allan has signed with CAA. The former Boston University student crowdfunded the EP Overstimulated in 2021 after discovering during the pandemic that he co…
Leer más »