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There were 796,009 NFT buyers on secondary markets in Feb, accounting for roughly $2.6 billion worth of sales. The figures mark significant declines in contrast to the data/record month before. The unique number of NFT buyers in February dipped below 800,000 for the first time, it was since October, and the research volume for nonfungibles also dropped broadly describe. As per the analyst to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. $2.6 billion roughly accounted for the worth of sales. (down 40% on the month before). Here are several things for telling you about this. You are on the right page for getting the right information. We will tell you all the details in this article. Let’s continue the article.
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A caution to that nevertheless, is that January was a vast month for NFT customers which may suggest the decrease in Feb are a normal part of a relatively healthy pullback. January saw a record number of special secondary NFT costumers/buyers at 904,13 and OpenSea also posted record or Data sales volume, and that was January Totaling around $5 billion before pulling return to about $3 billion last month. If we take look at Google Trends, however, it appears that the universe keyboard search volume for “NFTs” has also been described. Over the previous week, interest has dropped, it was around 60-70% from the heights of late January (Jan.23-Jan.29.)
Represented by the U.S. represents the most interest globally at the time of the article Japan recently show the lowest interest in NFTs out of 61 nations, besides local tech and telecommunications giant Rakuten released an NFT marketplace late last month. Scroll down the page for getting more information in this article.
Mainly reasons, why general interest has waned so dramatically over the past month, are unclear, though top platform OPenSea was the victim of a $1.7 million hack in Feb among other things. The Ukrainian and Russian strife may have also shifted the focus to cryptocurrencies, as global attention seems to have shifted to use cases such as digital payments, storing value, and fundraising, amid uncertain times. On the other side, NFT suffered, and maintaining partner of NFT investment fund Andrew Steinwold likened the current pullback to the bull market and subsequent crash of 2017/2018, as he questioned whether interest will pick back up again anytime soon. We have shared all the important details in this article which we know about this. Stay tuned for more updates.
