NFT Crypto Market Going Bankrupt
2Notably, the OpenSEA executed about $5 million in NFT transactions on Aug. 28 — roughly 99% less than its record high of $405.75 million on May 1.
The precipitous decreases in daily quantities coincided with equally precipitous drops in OpenSea users and transactions, implying that the value and interest in blockchain-based collectibles has waned in recent months.
This is also reflected in the main digital collectable projects' lowering floor pricing — the minimal amount one is willing to pay for an NFT.
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