Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author...
Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom of Crowds.” In 2021, non-fungible tokens have been all the rage and the industry has grown very popular during the last few months. Throughout March 7 through the 13th, 2021, the term “NFT” searched on Google in the U.S. touched an all-time high reaching 100 on Google Trends (GT). Since....
Related News
According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims ‘NFT Bubble Has Popped’ Non-fungible tokens (NFTs) have been all the rage in 2021 and sales continue to this day. However, a recent study published by protos.com indicates that NFT sales have been dropping and NFT sale values have plummeted as well. The report shows that last month $102....
Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down following the crypto market downturn. A Number of NFT Sales Slide Following Crypto Market Downturn Throughout the year, NFTs have seen massive demand and markets have processed billions of dollars in sales. In the midst of the all-time highs bitcoin, ethereum, and numerous other crypto assets saw in....
According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today’s statistics stemming from cryptoslam.io, during the last seven days,....
The past week’s non-fungible token (NFT) sales have dropped again, following the last few weeks of diminishing volumes. Across 14 blockchains that support NFTs, sales have slipped 29.46% lower than the week prior. Despite the drop in NFT sales volume, NFT sales stemming from the Arbitrum network spiked by 97.53% this week.
NFT Interest and Sales Nosedive
According to Google Trends (GT) data, interest in NFTs has dive-bombed, as the search query for the term “NFT” slid from a score of 100 on GT during the first month of 2022, to this week’s score of....
The non-fungible token industry is firing on all cylinders thanks to innovative projects. The number of sales is skyrocketing week over week, and new ventures pop up regularly. Wicked Cranium is a relatively new project, but one that seemingly has tremendous potential for the future. NFT Sales Continue To Boom All across the non-fungible token […]