Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: Magepai on July 02, 2022, 12:05:04 PM

Title: NFT hype evidently dead as daily sales in June 2022 dip to one-year lows
Post by: Magepai on July 02, 2022, 12:05:04 PM

The NFT boom was supported by a healthy and bullish crypto ecosystem and positive investor sentiment. However, Bitcoin’s bear market had an adverse impact on the crypto ecosystem.Nonfungible tokens (NFT) took center stage in the year 2021 as artists, influencers, A-list celebrities and the sports industry finally came across a fan engagement tool that empowered the general public to cash in on their success. However, the hype around NFT did not manage to stand its ground as sales plummeted to one-year lows amid the ruthless bear market of 2022.

The NFT boom, which started in early 2021, upheld its glory until May 2022 — supported by a healthy and bullish crypto ecosystem and positive investor sentiment. However, Bitcoin’s (BTC) struggle to hold on to its all-time high prices had an adverse impact across the crypto ecosystem.more (https://cointelegraph.com/news/nft-hype-evidently-dead-as-daily-sales-in-june-2022-dip-to-one-year-lows)

Title: Re: NFT hype evidently dead as daily sales in June 2022 dip to one-year lows
Post by: Yujjin on July 07, 2022, 10:46:40 PM

Well, NFTs are taking a break, u mean after all the bull run, they allowed the Bears to take turns