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WSJ Report Says 'NFT Sales Flatlining,' But Data Shows Another Story

From ibtimes.com

A Wall Street Journal article that suggested that the NFT market is collapsing has not been received well in the crypto community. The article claimed that sales of non-fungible tokens are "flatlining," but a deeper analysis of data is more comforting investors. The article published Tuesday cited data from the NFT market analysis platform Nonfungible, suggesting the number of NFT sales has fallen by 92% since an all-time high in September 2021. The WSJ article also noted that the number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November. “The NFT market is ... (full story)

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  • Category: Fundamental Analysis