Japanese NFT Market Projects 53% Growth Despite Crypto Winter
A recent study has revealed that, despite the chaos, fear, and uncertainty engulfing the cryptocurrency market since May, the Japanese NFT market has maintained its growth, projecting a $1.36 billion valuation by the end of the year.
NFTs are notorious for pervading speculation and profit. However, the asset class has been seeing an improvement in terms of stability in the last quarter of the year due to community engagement, healthy trading behaviors, and more. Japanese NFT market continues to showcase steady growth, projecting an annual growth rate of 38.7% until 2028.
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