Trading volumes for nonfungible tokens (NFTs) has tumbled 97% since January, when the blockchain-bound digital art and collectibles market went from $17 billion to just $466 million in September, according to Bloomberg, citing data from Dune Analytics.

Zero Hedge | Sept. 29, 2022

Trading volumes for nonfungible tokens (NFTs) has tumbled 97% since January, when the blockchain-bound digital art and collectibles market went from $17 billion to just $466 million in September, according to Bloomberg, citing data from Dune Analytics.

The dropoff in NFT interest is part of a wider, $2 trillion wipeout in crypto – which has come a long way from $69 million art auctions and Lamborghinis with crypto-themed license plates.

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