Cryptocurrency industry After a bearish and flat period, it managed to reactivate a few weeks ago.
This move of the cryptocurrency industry BAIC and azuki It helped some NFT collections to break records. Despite this, global NFT sales are sounding full alarm.
Sales of NFTs Are Decreasing
While the NFT sales volume in March saw approximately 2.3 billion dollars, according to the new information, it may still have been a difficult month for the entire industry.
Although NFT sales increased on some days in March, there was a serious decrease in the March report compared to the previous month. It is reported that NFT sales fell 21% compared to February 2022.
The drop in sales over the past month could hurt digital collectibles, as new buyers will look to previous months’ data to decide whether to invest in NFTs.
Despite global sales of NFTs generating approximately $387 million since March 2021, the rate of periodic investor demand for NFTs has not reached previous year highs.
Especially Bored Ape Yacht Club his collection is breaking record after record and is shouldering the NFT world all by himself. Other once popular NFT networks and projects, such as NBA TopShot, continue to sweep the ground. BTC, on the other hand, achieved a serious rise in this process and anchored at $ 46,000.