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. . May 20, 2023, 4:00 AM PDT. Reactions to the NFT market crash.

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And subsequently a 100% market crash.

According to a recent report by DappRadar, NFT sales could fall below $1 billion for the first time this year.

75 ETH.

The Non-Fungible Tokens (NFT) industry has been a hub of innovation and growth over the past year, but as it approaches the midway point of 2023, the market is showing signs of maturation and change.

Blur dominates the NFT market with $1.

BY Marco Quiroz-Gutierrez. . However, overall sentiment remains optimistic,. .

. . NFT lending products like Arcade and Blend are.

The number of active NFT wallets has fallen by 88%, and the sale of NFTs has dropped by 92% from its peak in September 2021.
A Microsoft logo is seen in Los Angeles, California U.S. 24/02/2024. REUTERS/Lucy Nicholson

Dec 22, 2022 · Precisely what triggered the crash is unclear, but the fall in demand—catalyzed by a slump in the cryptocurrency market—has wiped almost $9 billion from the combined value of all NFTs in.

io, rising by over 40 percent compared to December 2022. NFT Market Facing Headwinds.

Almost every single collection is down by at least 5%. .

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. This Week in the Metaverse: NFT-backed loans, led by Blur and Arcade, are making a comeback.

By CNBCTV18.

NFT lending products like Arcade and Blend are.

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. According to Web3 data platform DappRadar’s latest industry report, NFT trading volumes. . By Eileen Kinsella, Mar 22, 2023.

Across all decentralised finance categories, NFTs have see the biggest average weekly drop in transaction volumes in the two months since the cryptocurrency crash from. 8% market share, while Opensea trails behind with $587 million and 28. Ethereum NFT trading volume at OpenSea , the leading marketplace, has also fallen sharply in recent days, reaching just $52. Jun 5, 2022 · The only difficulty is that the NFT market will eventually fail, for a variety of reasons.

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Non-fungible tokens (NFTs) burst onto the scene in 2017 with the introduction of CryptoKittes, but the market has come a. That’s down from over $6,800 in January. Data from Google Trends also shows that online search interest in the technology – which allows assets like digital artwork to be traded and stored through online ledgers – has plummeted by 89 per cent since peaking in January 2022.

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May 4, 2022 · Unfortunately, it appears that these hopes and dreams are now coming to a rather abrupt end as statistics hint at a possible crash of the NFT market.

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Changes in macroeconomic conditions may harm the value of alternative assets like NFTs and traditional. . T he NFT market has experienced a bounce-back in January 2023 after a disappointing end to the year 2022. .