Tuesday, July 5, 2022
Cryptoverse: With NFT Market Moving Towards Collapse, Experts Weigh What Lies Ahead
The NFT market has plunged down in recent months. Monthly sales volume on the largest NFT marketplace, OpenSea, fell down to $700 million (nearly Rs. 5,500 crore) in June. The average NFT sale sunk to $412 (nearly Rs. 32,700), from $1,754 (nearly Rs. 1,39,200) at the end of April, according to NonFungible.com.
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