The NFT market had its most comfortable days, peaking at the end of 2021. The NFT sector, which has been moving steadily in the first quarter of 2022, continues its market volume decline that started in the spring.
NFT Market Leader OpenSea
NFT market volume, which showed itself with high market volume until the end of the first quarter of 2022, started to decline as of the spring months. The decline that started at the end of the first quarter continued until the end of July.
It is seen that NFT’s market volume of 884.64 million dollars last month decreased to 626.11 million dollars as of 30 July, according to the latest data.
OpenSea, which has a share of 484.79 million dollars in the market volume in July, became the market leader; Solana-based Magic Eden raised approximately $81 million in the same period.
What is NFT?
NFTs (non-fungible tokens in English), which have become very popular in the cryptocurrency market; It is a type of smart contract that is mostly used as a visual but stored in every file type, stored in a digital ledger called
Among the NFTs that maintain their popularity are names such as Bored Ape yacht Club, Crypto Punks, Aziro and OtherSide.
How to Make, How to Buy? And you can click here to learn the answers to many other questions in detail.
