Sep 29, 2022

NFT sales plummet 98% in eight months of this year

Posted by in category: blockchains

Are NFTs seeing a revival in different “avatars”, though?

The rage among celebrities last year, non-fungible tokens (NFTs), have been hit badly by the crypto winter and have seen sales dip by 98 percent in the eight months since January, Coin Telegraph.

How bad are trading volumes for NFTs?

Jose Martinez Calderon/iStock.

It might be difficult to believe that the Bored Ape Yacht Club (BAYC) collections that netizens were willing to splurge millions on just 12 months ago have fallen out of favor so fast. The top choice for NFTs, until earlier this year, has lost its preferential status to NFTs like Terraforms and Cryptopunks, Gizmodo reported.

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