Almost a year after the nonfungible token (NFT) frenzy crested, demand for the digital certificates of ownership has evaporated. Sales have dropped to the lowest level since July 2021 — back when OpenSea was the only trading venue among the top five to have opened. One bright spot: Magic Eden, the only one among five marketplaces tracked by DappRadar to record an increase in sales volumes from the prior month.
(Bloomberg) — Almost a year after the nonfungible token (NFT) frenzy crested, demand for the digital certificates of ownership has evaporated. Sales have dropped to the lowest level since July 2021 — back when OpenSea was the only trading venue among the top five to have opened. One bright spot: Magic Eden, the only one among five marketplaces tracked by DappRadar to record an increase in sales volumes from the prior month.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
