“NFTs have been one of the most talked about topics in the investment world in recent months,” explains Edith Reads of StockApps.com. However, she points out, “the collapse of cryptocurrencies could be one of the reasons why the interest has decreasedas a lot of people lost money in the market crash.”
An example is that the largest market NFT, Open Sealost 94.84% of its trades so far in 2022. According to DappRadar, at the beginning of the year, more precisely on January 2, 2022, the trading volume on OpenSea was $180.98 million at the current exchange rate. On August 28, the value of all operations amounted to $9.34 million. That is, a decrease in 94.84% in 8 months.
Since May 13, the trading volume of non-fungible tokens on OpenSea has not exceeded $50 million.
“It is also possible that the novelty of NFTs has worn off. However, it is still early days for NFTs, so interest may pick up again in the future.”Add.
Regarding the number of searches for the term “NFT”, China tops the list in “interest by area”. Hong Kong follows him in the second position, and Singapore ranks third. Nigeria Y Taiwan They occupy the fourth and fifth position, respectively. Users of United States, Canada, New Zealand and Cyprus continue to find information about NFTs interesting. Also showing interest in non-fungible ‘tokens’ are citizens of Pakistan, Nigeria Y South Africa.
There is still a lot of debate surrounding NFTs, as it is not easy to determine whether non-fungible tokens are a fad or a trend. Some artists and experts believe that NFTs are the next form of monetization. However, many others believe that they are a bubble that is about to burst, if they have not already done so.
Source: Ambito
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