June NFT data wrap: bear market seeps into the metaverse

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

hmm i wonder why?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NFT June Sales Down to 12-Month Lows Amid Ongoing Bear Market (Report) After Braving Bear Market, NFT June Sales Down to A 12-Month Low (Report)Recording a whopping $42 billion in sales, NFT trade has been more robust in 2022 so far, compared to the blockbuster 2021
Source: Crypto_Potato - 🏆 568. / 51 Read more »