The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible. The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November. Rising interest rates have crushed risky bets across the financial markets—and NFTs are among the most speculative.
Source: NFT Sales Are Flatlining
