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Article • 12 months ago

NFT Sales Plummet to Lowest Levels Since 2020, Highlighting Prolonged Downturn in Art Market

NFT Sales Plummet to Lowest Levels Since 2020, Highlighting Prolonged Downturn in Art Market
Summary
  • NFT sales in Q3 2023 declined significantly, reaching their lowest point since Q4 2020.
  • The average sales price in September experienced a drastic drop to $38.17 compared to the peak of $791.84 in August 2021.
  • Ethereum and Immutable X managed to gain market share despite the struggling NFT market.

Source: https://www.financemagnates.com//cryptocurrency/september-marks-the-worst-month-in-nft-history-the-industry-loses-buyers/

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