According to an article in the WSJ, the sale of NFTs fell to a daily average of about 19,000 this past 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. The article concludes that “the NFT market is collapsing.”
But… is it? Dollar volume was close to an all-time high the past week, so the WSJ numbers don’t paint a complete picture. That said, consolidation of this kind isn’t healthy for any marketplace.
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