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NFT sales volume decline, despite massive uptick in ‘unique’ buyers. Here’s why
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Non-Fungible Tokens (NFTs), is all over the news is all over the news lately. It has been stirring interest and curiosity, as well as creating a lot of anxiety at the same time. The potential of it is limitless, and threatening to disrupt and unlock a new world economy that people couldn’t believe to-have-existed. Or is it just another case of hype and hoax?
Well, take a look here.
Source: DelphiDigital
As observed in the chart above, the NFT marketwitnessed a significant hike since its inception. The number of daily unique buyers saw a hike surpassing the 60k count as of 3 November, 2021. However, the corresponding daily sales volumes of NFTs have been decreasing since the start of September 2021.
Nevertheless, the uptick mentioned above
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