NFT global sales experienced a sharp decline in volume during the seventh month of the year. This was mainly due to decreased investors’ interest in digital collectibles. But a new course or a battleground might be brewing for enthusiasts to look into. Winter is here As mentioned above, NFT sales witnessed a massive decline in […]
global sales experienced a sharp decline in volume during the seventh month of the year. This was mainly due to decreased investors’ interest in digital collectibles. But a new course or a battleground might be brewing for enthusiasts to look into.As mentioned above, NFT sales witnessed a massive decline in 2022. As per Nonfungible.
com, the volume fell to a mere 13,506 transactions, with a paltry ~$4 million in total sales. This is evident in the graph below.Roughly one year ago, the number of daily sales peaked at nearly 210,000 on 27 August, while on 29 August, the same occurred for daily sales, hitting nearly $430 million.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shoutout to all NFT holders- Here’s something you should knowThe NFT market is set to face another big test as bearish headwinds continue to crash floor prices. The latest scrutiny will be confronted in a legal battle now. Former OpenSea manager, Nathaniel Chastain, recently claimed that the United States wants to set a precedent after accusing him of insider trading. Chastain’s legal team has […]
Read more »
NFT lending platform BendDAO initiates vote to alter protocolRipples of the credit crisis that affected several crypto-exchanges are now being felt in the NFT space. Popular NFT-based lending platform BendDAO has now initiated a vote to approve emergency changes. This, in a bid to avert what experts are describing as a “death spiral” for the NFT market. In fact, an alarming statistic recently […]
Read more »
CryptoPunks is ailing, but here’s what investors can seekLast week, the Ethereum floor price of the Bored Ape Yacht Club (BAYC) NFT collection dropped to 65 ETH. Data from NFT Floor Price revealed the drop to be the lowest level since the beginning of the year. With a continued downturn in the general cryptocurrency market, stats from CoinGecko showed that BAYC’s floor price […]
Read more »
NFT lending platform BendDAO initiates vote to alter protocolRipples of the credit crisis that affected several crypto-exchanges are now being felt in the NFT space. Popular NFT-based lending platform BendDAO has now initiated a vote to approve emergency changes. This, in a bid to avert what experts are describing as a “death spiral” for the NFT market. In fact, an alarming statistic recently […]
Read more »
Scottie Barnes, Malachi Flynn impress at pro-am game in TorontoScottie Barnes and Malachi Flynn combined for 88 points at the Ball Don't Stop pro-am game in Toronto on Saturday.
Read more »
Shoutout to all NFT holders- Here’s something you should knowThe NFT market is set to face another big test as bearish headwinds continue to crash floor prices. The latest scrutiny will be confronted in a legal battle now. Former OpenSea manager, Nathaniel Chastain, recently claimed that the United States wants to set a precedent after accusing him of insider trading. Chastain’s legal team has […]
Read more »