NFTs no longer cheat anyone and their sales drop to their lowest level in a year

Different NFT monitoring portals have noted significant drops in investor interest.

Companies like Square Enix, SEGA or Epic Games, NFT, but this market is already starting to experience some changes that make us think the bubble has burst. And it seems that the month of June did not bring good news to investors of this digital asset, as various monitoring portals signed up. significant drop in sales.

World’s largest NFT market drops 75% in sales of digital assetsBloomberg compiled data from these analytics websites to give us some conclusions: OpenSea, the world’s largest NFT market, suffered 75% decrease in the sale of non-tradable tokens, so the market is close to recording its first month Less than $1 billion in sales From June 2021.

Grit is the first NFT game to hit the Epic Games Store

This, unsurprisingly, also affects the value of assets. For example, the prices of some NFTs from the Otherdeed portal, which is feeding the Ethereum cryptocurrency network due to its high demand, 30% down within the last 30 days. Something similar is happening with the famous Ape Yacht Club collection, which is also declining in value. 33%Based on NFT Price Floor data.

“Without a doubt, the NFT market fell this June,” explains Pedro Herrera, head of research for the DappRadar analytics portal. “Although the market is much more mature, in recent weeks investors we searched for safer places to put his money in the middle of Terra’s downfall [un protocolo blockchain y una plataforma de pago para monedas estables] and rumors surrounding potential liquidations.”

we’ve been listening for weeks bad news On the NFT market, complete with a strong statement from Bill Gates. However, there are video game companies committed to driving initiatives related to them, as we saw with the aforementioned Square Enix or the new studio Liithos made up of video game veterans. what’s left of us Y the days are gone.

More about: NFT, Cryptocurrencies and Fungible Token.