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Cryptocurrency News

WSJ says ‘the NFT market is collapsing’ but the data says otherwise

05/04/2022

Less than a minute

2022.05.04 09:56

WSJ says 'the NFT market is collapsing' but the data says otherwise
WSJ says ‘the NFT market is collapsing’ but the data says otherwise

An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone accounted for more than $1 billion in primary and secondary sales.

The article cited data from NFT market analysis platform Nonfungible suggesting the number of NFT sales has fallen by 92% since an all-time high in September 2021. Wallets active in the Ethereum (ETH) NFT market were also said to have declined by 88% since a high in November 2021.

Nonfungible

Source

05/04/2022

Less than a minute