NFT 'Market Collapse' Reports Greatly Exaggerated A recent re | NFT Insider
NFT 'Market Collapse' Reports Greatly Exaggerated
A recent report by the Wall Street Journal claimed a market collapse in the NFT space with a 92% decline in transaction volume from September last year based on a narrow focus on specific data from Nonfungible.
However, according to Nonfungible's Q1 2022 NFT market report, the market had shown a dip of only a 4.6% decrease in QoQ (Quarter over Quarter) volume, where the NFT market did experience a slight downturn in qualified trading volume, dipping from 4Q 2021's roughly $8.25 billion.
