The Wall Street Journal (WSJ) recently reported that the “NFT market is collapsing.” The article goes on to talk about the decline in activity in the NFT space since the same time last year. One of the statistics the article cites is active wallets in the NFT market fell 88% from 119,000 in November 2021 to 14,000 at the end of March 2022. The article neglected to mention that total dollar value of trading volume actually remained somewhat constant from Q4 2021 to Q2 2022, only
24 - Non-fungible
24 - Non-fungible
24 - Non-fungible
The Wall Street Journal (WSJ) recently reported that the “NFT market is collapsing.” The article goes on to talk about the decline in activity in the NFT space since the same time last year. One of the statistics the article cites is active wallets in the NFT market fell 88% from 119,000 in November 2021 to 14,000 at the end of March 2022. The article neglected to mention that total dollar value of trading volume actually remained somewhat constant from Q4 2021 to Q2 2022, only