Despite the crypto market gaining value this week, NFT sales (Non Fungible Token) have declined once again. NFT, once one of the most popular names in crypto assets, continues to lose value despite the increase in buyers and sellers.
Non-fungible tokens Blockchain-based NFTs, also known as NFTs, ensure that any digital content is licensed and belongs only to the person who purchased it. Once NFTs are purchased, their owners’ rights are protected and It is not transferred to anyone else in any way.
In the NFT craze, many people spent huge amounts of money and owned various NFTs. But the NFT market was a while ago started to decline and this decline still continues.
Even though NFT buyers were up 17%, sales were down 9.91%.
Image: Cem Yılmaz, NFT
this week $72.76 million The NFT sale took place and the rate is 9.91% lower than the previous week. The number of NFT buyers increased by 17.77% to 569,407 people, and the number of sellers also increased by 15.82% to 714,889 last week. inter-blockchain In the field of NFT sales, Ethereum was at the forefront with $37.27 million in sales among 22 networks. This means that a significant 51.22% of this week’s NFT trading originates from the Ethereum blockchain.
following this mythos NFT sales took second place, collecting $7.83 million in sales, an increase of 13.12% since last week. Polygon took third place this week, collecting $7.12 million in NFT sales, while Solana took fourth place with $5.86 million. Immutable X from September 24 to October 1, $5.47 million sales achieved and ranked fifth.
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NFTs Even though it lost so much value The fact that it is still in demand surprises users. Although NFTs became very popular when they were announced, it seems that they will not make users very happy in the future.