Value of NFTs continues in free fall: sales drop to critical levels after a year of popularity

Various video game companies such as Square Enix, Konami or Ubisoft are interested in this digital asset.

Seems like NFT they had just begun their conquest in the video game industry, but the results recorded a few weeks ago showed a bubble starting to burst. While this data already reflects a trend that is beginning to lose consumer interest, the value of still in free fall.

NFT sale down 92% from best momentThis is how we observe it, with the latest data shared by the NonFungible website and pointed out by the famous The Wall Street Journal. According to the latest results, there has been a decline in NFT sales. 92% Since the summit last year, 19,000 of digital assets 225,000 Sold in the strongest week of last September.

Accompanying this decline is loss of interest By users falling by the number of searches on Google 80% one of the best moments of the trend. Finally, the number of active wallets in the NFT market has also decreased. 119,000 in November 14,000observed as a decrease. 88%.

Of course, this is a representation bad news For video game companies like Konami, Atari or Ubisoft that have taken the first steps to invest in and explore NFTs. Likewise, this also spoils their plans. Square Enixplans to use after selling three studios to Embracer Group 300 million dollarsvalue of the transaction while examining the possibilities of the digital asset.