NFTs

Out of context: Reply #797

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  • neverscared1

    NFT Trading Volumes Collapse 97% From January Peak

    Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT mania is part of a wider, $2 trillion wipeout in the crypto sector as rapidly tightening monetary policy starves speculative assets of investment flows.

    https://www.bloomberg.com/news/a…

    • why purchase a dumb drawing of a bored ape when I can get DALL-E to make me hundreds for free?_niko
    • ^ self healing technologykingsteven
    • soon.gifutopian
    • Mostly opensea volume. Yes, washtrading is down 97%
      Elsewhere jan/feb $300k-500k vol on fxhash, $900k last week.
      microkorg
    • (sorry 300-500 average each week jan/feb)microkorg

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