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.

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

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

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

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

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

Source: Indian express