NFT Depression: Will the Market Recover. From Boom to Gloom: Remember when NFTs were a $1. 8 billion-a-week sensation in 2021.
31 Aug 2023, 10:32
NFT Depression: Will the Market Recover?
💥 From Boom to Gloom: Remember when NFTs were a $1.8 billion-a-week sensation in 2021? Those days are long gone.
⚰️ NFT Market Hits Rock Bottom: Weekly trading volume crashes to a dismal $73.2 million, the lowest in two years!
⭐ @blur_io Steals the Show: This no-fee NFT marketplace captures a whopping 65.1% of the weekly volume, leaving Opensea in the dust.
🔝 Blue-Chip NFTs Take a Dive: Icons like @cryptopunksnfts and Bored Ape Yacht Club see their price floors plummet by an astonishing 62% in July 2023.
😰 Investors Get Cold Feet: Investor enthusiasm fizzles out, sparking a trend of risk aversion and dwindling market engagement.
🤬 SEC Throws the First Punch: In a landmark move, the regulator accuses Impact Theory of illegal #NFT operations, signaling tougher times ahead for the market.
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