Global NFT Sales Keep Declining: Here's Why

Global NFT sales have declined by half and it seems like there are not many buyers in the NFT marketplace.

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NFTs which give a way to earn recognition and money for artists and digital creators are the buzz of the internet.

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Even some big names and celebrities jumped into buying and selling of NFTs and made millions.

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But the marketplace of NFT has recently witnessed a sharp decline in sales.

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According to the data obtained from CryptoSlam NFT tracker, in January the sales in NFT plunged to $4.6 billion.

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The NFT sales stood at $2.44 billion by the end of March, a decline of 53 per cent in NFT sales.

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