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NFT Market Faces Downward Spiral Amid Waning Investor Interest

  • NFT marketplace is struggling as hype for AI has replaced interest in blockchain and metaverse.
  • Investors are losing interest, with VC funding for the space significantly evaporating in 2023.
  • Sales volumes are hitting multi-year lows, leading to company lay-offs and the plummet of previously prized NFT values.
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