Data indicates that NFT Sales Volume in the past days are up by 24.73% at $152,180,952.06. Most of these transactions come from Ethereum NFTs, which account for about $120 million in sales. However, buyers of NFTs are down about 46% and transactions are down by 35.14%!
Trading volumes in NFTs have decreased 97% since the start of the year, according to Bloomberg. Also, a Statista and Pitchbook survey revealed that NFT games saw $1.73bn of investments between September 2021 and September 2022, a significant increase from $573 million in the year-ago period.
The Reddit Collectible Avatars NFT initiative crossed the 5 million mark this week, according to blockchain data from Dune. They’re not highly concentrated amongst whales, either, as the project has more than 4.25 million total unique wallets. About 3.95 million of those wallets hold a single Reddit NFT!