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    QONEQT in NFT Updates

    03-Oct-2022 12:04 PM


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    NFT sales plunge in Q3, down by 60% from Q2

    By Elizabeth Howcroft LONDON (Reuters) - Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a "crypto winter" and demand for the highly speculative digital assets shows little sign of returning.

    Non-fungible tokens (NFTs) are a kind of blockchain-based asset representing a digital file such as an image, video or item in an online game.

    The third quarter of 2022 saw $3.4 billion in NFT sales, down from $8.4 billion the previous quarter and $12.5 billion at the market's peak in the first quarter of the year, DappRadar said.

    "The previous crypto winters were a little more isolated to just crypto prices so for that reason, I think it's wise to be conservative about how long this could last."
    Source: Reuters