NFT sales fallen off on 75%
Trading volume of the biggest marketplace OpenSea reduced to an annual minimum.
According to Bloomberg, for the first time since July 2021, the market of non fungible tokens (NFT) is under $1 billion. In June 2021 OpenSea sales volume was $670 million (fallen 75% since May). For comparison, in Juanary 2022 sales volume was $5 billion.
Prices for best selling NFT drop off too. Some tokens by Otherdeed collection dropped in price by nearly 30%. Price Bored Ape Yacht Club collection reduced by 33%.
Remind that the NFT sphere is an attractive place for fraudsters. Only last months the hacked account Beeple gave intruders $438 000 and the actor Seth Green lost NFT for $ 300 000 when clicked a phishing link. Total for 2021 was stolen digital assets of $14 billion.
Subscribe to our Telegram channel for the most relevant, interesting, and informative news from the crypto industry.