Sales of NFTs Slide as Markets Continue to Weaken Through Third Quarter

Sales of non-fungible tokens (NFTs) have slumped significantly in the third quarter, in both volume and size, as cryptocurrency markets continue to stagnate into the autumn. Over the third quarter of 2022, total sales of NFTs amounted to $3.4 billion, according to data from decentralized application tracker DappRadar. This represents a drop of more than half from the previous quarter’s $8.4 billion, and nearly two-thirds from the first quarter peak of $12.5 billion in total sales. From a mid-Jan. peak of over 900,000, the number of weekly sales of NFTs have also halved, according to data from NonFungible.com. https://beincrypto.com/sales-of-nfts-slide-as-markets-continue-to-weaken-through-third-quarter/

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