According to Nonfungible.com, since mid-March, turnover on platforms for buying / selling NFT tokens has dropped from $ 19.3 million to $ 3.03 million. The analytics did not take into account the sale of Beeple at the auction for a record $ 69.3 million.
Most people tend to get overexcited. Now we are witnessing an early correction, which will only benefit the market in the long term, Tom Bilue, head of Impact Theory, told Bloomberg.
Thus, the holders of NFT tokens were in the dark and an extremely difficult situation. For example, the well-known Metapurse B20 NFT token has lost almost 80% of its value and is trading not at $ 30, but at $ 6.
Moreover, the total value of all NFT tokens on the NBA Top Shot marketplace fell from an all-time high of $ 1.85 billion to $ 1.09 billion in just 30 days.
Notably, against the backdrop of falling prices for NFT tokens, Dapper Labs (note - NBA Top Shot developer) raised $ 300 million from major investors. According to Dapper Labs, the release of NFT is just picking up steam, and the volume of transactions will soon reach a new all-time high.
It is likely that we got ahead of ourselves with the March rally in NFT tokens, writes digital artist Drew Kataoka.
