Skip to content
Pursuits
Crypto

NFT Mania Subsides After Breakout Month of Sales

  • Daily sales volume falls from $19.3 to $3.03 million
  • ‘Novelty is hard to appraise’ says crypto backed lender
The world's first large-scale crypto art exhibition “Virtual Niche — Have you ever seen memes in the mirror?” at UCCA Center for Contemporary Art in Beijing.

The world's first large-scale crypto art exhibition “Virtual Niche — Have you ever seen memes in the mirror?” at UCCA Center for Contemporary Art in Beijing.

Source: Sipa Asia/Shutterstock

From

For the digital art market, there really was no direction to go other than down.

Weeks after non-fungible token mania reached a crescendo with the record breaking $69.3 million Beeple auction at Christie’s, sales figures across online marketplaces for digital art and collectibles have made a swift retreat.