WSJ says ‘the NFT market is collapsing’ but the data says otherwise By Cointelegraph

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WSJ says ‘the NFT market is collapsing’ but the data says otherwise

An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone accounted for more than $1 billion in primary and secondary sales.

The article cited data from NFT market analysis platform Nonfungible suggesting the number of NFT sales has fallen by 92% since an all-time high in September 2021. Wallets active in the (ETH) NFT market were also said to have declined by 88% since a high in November 2021.

Red line shows number of sales with volume on left y-axis, white shows active market wallets, volume on right y-axis. Source: Nonfungible
Dune Analytics total active NFT users
Dune Analytics NFT transactions per day
Dune Analytics. Source.

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