NFT Sales Have Dropped by Nearly 50% Since January: DappRadar Data

The DappRadar report additionally famous that the shifts in buying and selling quantity and community exercise could also be partially attributed to “the rising recognition of ‘low barrier entry’ NFTs. These belongings, smaller in particular person worth, cater to a wider viewers,” and “a broader shift within the NFT market in direction of platforms that supply extra inexpensive and accessible NFT choices.”