NFTs, which started as a big furore last year and managed to make their mark on the world, experienced a great decline in terms of value and sales. Bored Apes and CryptoPunks Sales of many popular NFT collections fell. A similar situation occurred for the first tweet that Twitter founder Jack Dorsey turned into NFT.
NFT market lost 97 percent
According to the latest report by Bloomberg, the NFT market started earlier this year. 17 billion dollar was around. But at the end of the nine-month period, the same market $466 million so regressed. This figure is between January and September. a loss of 97 percent means it happened.
NFT boom has dropped to 16-month lows, according to data gathered from popular NFT marketplaces such as OpenSea, NFTX, LarvaLabs, LooksRare, SuperRare, Rarible and Foundation. One of the most preferred markets on OpenSea Even sales fell more than 75 percent.
A blow to the NFT industry from Apple! Platforms began to withdraw from the store
NFT platforms announced that Apple is operating a monopoly by asking a 30 percent commission for sales through the App Store.
Despite this decline in the value and sales of NFTs, no decrease in collectors has been reported. For example, OpenSea reportedly still has more than 42,000 vendors. This figure shows that users are still interested in NFT, even if it is down compared to 66,000 merchants in March.
While there are multiple reasons for the massive loss in NFTs, incidents of fraud increased confidence. For example, Jason Falovitch, a former sports executive and famous crypto stalker, has four of his NFTs stolen and You lost 150 thousand dollars in money expressed.
shiftdelete.netThe decline in the NFT trend is also thought to be due to the departure of famous names in the collections. Paris Hilton and Jimmy Fallon Names like Bored Ape left the Yacht Club and left their NFTs to their fate.
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