97% reduction in the volume of NFT transactions from the beginning of 2022; The collapse of the non-homologous token industry?

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The latest data from monitoring the state of the NFTs market indicates 97% reduction in NFT trading volume It’s the beginning of 2022 and that means the crash of the NFTs market is near.

In recent times, news and reports have always mentioned the collapse of the NFT market, and according to reports, digital collections have basically lost all their credibility and their trading volume from the beginning of 2022 to 97 percent has been reduced

Aaron Groups

Read more: The best cryptocurrency to invest in 2022

A 97% decrease in the volume of NFT transactions from the beginning of 2022

The latest Bloomberg report indicates that Trading volume of non-fungible tokens or NFTs From 17 billion dollars in January, 466 million dollars reached this month, which indicates A sharp drop of 97% During the last 9 months.

OpenSea platform as The largest NFT trading platform in the world It has also experienced a 75% decrease in transactions in September. Of course, it is mentioned in this report that despite the decrease in the number of transactions, the number of traders has not decreased. There were over 42,000 traders in September of this year, peaking at just over 45,000 for the month.

97% reduction in the volume of NFT transactions from the beginning of 2022;  The collapse of the non-homologous token industry?

this The collapse of the NFTs market Combined with the trend of many big names and companies in this industry, including Twitter, Meta, Canon, Associated Press, Samsung and of course LG!

Although the general evidence suggests that NFT Collections Not on the right track, Meta and Zuckerberg are still pushing for NFT support on their platforms.

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