NFT Sales Plummet to 16-Month Low After FTX Blowup
Nonfungible Token (NFT) sales are still in the gutter since their boom in popularity last year – and FTX’s bankruptcy has done nothing to help their prospects. Weeks after the exchange’s collapse, NFT volumes have plummeted to a 16-month low. According to data provided by Dappradar, NFT trading activity hasn’t seen such lows since July 2021, when OpenSea – the world’s largest NFT marketplace – was the only major trading venue in town. While LooksRare began gaining traction in early 2022, it quickly fell out of favor as it competed for market share with multiple rivals in a rapidly shrinking market.
Source
https://t.me/nfts_defi_metaverse
