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NFT Sales Are Flatlining (www.wsj.com)

submitted 2 years ago by rysiek@szmer.info to c/technology@lemmy.ml

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The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible.

The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November. NFTs are bitcoin-like digital tokens that act like a certificate of ownership that live on a blockchain.

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[–] soviet_slaughter@lemmygrad.ml 2 points 2 years ago

Im going to be honest here, I'm surprised it didn't collapse by the end of last year.