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June NFT data wrap: bear market seeps into the metaverse

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NFT marketplace trading volume fell 94% between January and June this year.

in cumulative royalty revenue. The steep ascent in sector-wide royalties in April and May this year has been driven mainly by just two collections: Otherdeeds and Moonbirds.But don’t be fooled into thinking this graph paints a rosy picture of the fortunes of these top collections. Converted into USD, the picture becomes somewhat bleaker.Decentraland land prices decreased from an average of $6,000 in January to $3,500 last month. The Sandbox is down from $4,700 to $2,100.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Callan is a reporter for The Block based in London. She started her career at an expat magazine in southern China and has since worked for publications in China, Somaliland, Georgia and the UK. She also edits the podcast ChinaTalk.

 

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hmm i wonder why?

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 /  🏆 464. in JP

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