"The overall NFT market has suffered a “near-90% collapse” since its peak.
That peak, May 3, saw $100 million in “crypto-collectible” sales in just one day. There has been just $19.4 million in sales in the past week.
NFT art sales are even lower, plunging from single days with millions in sales to just $3 million in sales globally for the past week, and that’s including both primary and secondary sales.
The number of active NFT wallets—the accounts being used to purchase the tokens—has fallen from over 12,000 to 3,900."
"The overall NFT market has suffered a “near-90% collapse” since its peak.
That peak, May 3, saw $100 million in “crypto-collectible” sales in just one day. There has been just $19.4 million in sales in the past week.
NFT art sales are even lower, plunging from single days with millions in sales to just $3 million in sales globally for the past week, and that’s including both primary and secondary sales.
The number of active NFT wallets—the accounts being used to purchase the tokens—has fallen from over 12,000 to 3,900."
https://kotaku.com/the-nft-market-has-collapsed-oh-no-1847021181
Man I bought some coins that rely heavily on NFTs a few months ago. Though the NFT hype would last at least until the end of the year.
lol
good
Creating NFTs isn’t cost effective, unless you have a gigantic amount of capital. They will die for the average retail smuck, but I can see a video game publisher investing into them soon
see what you did @kennisgoodman