NFT sales down by 60% in the down market but...

NFt and the bear market

What's the news?

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The crunch continued

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Risk Averse markets

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OpenSea declining sales

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Data Source

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CryptoPunk Mega Sale

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Also Read:

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We're on You Tube

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NFt and the bear market

NFt and the bear market

What's the news?

What's the news?

NFT sales plunged significantly in Q3 as investors kept clear of risk assets amid a challenging macroeconomic environment. Sales stood at $3.4 billion in Q3, down from $8.4 billion

The crunch continued

The crunch continued

Year on year, NFT sales are down by 70% from $10.7 billion in Q3 2021. The sales peaked in Jan 2022 at $12.6 billion before declining 73%

Risk Averse markets

Risk Averse markets

The investors are avoiding highly volatile & risky assets. Crypto & NFT are the primary risky assets at the moment.

OpenSea declining sales

OpenSea declining sales

OpenSea processed just $9.34 million in NFT transactions on August 28, compared to the May 1 peak of $2.7 billion.

Data Source

Data Source

The data is provided by DappRadar. Its the leading platform for launching and tracking web3 apps

CryptoPunk Mega Sale

CryptoPunk Mega Sale

Despite the crash, CryptoPunk 2924 sold for $4.5 million. One the premium deals in the down market.

Also Read:

Also Read:

1..Kim vs SEC

1..Kim vs SEC

2..Yuga New NFT Plan

2..Yuga New NFT Plan

3..Zombie Coins

3..Zombie Coins

We're on You Tube

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