Over the past year, the NFT market has experienced a significant slowdown, with both the number of new NFTs created and daily sales dropping drastically. Once bustling with thousands of daily minted collectibles, the market now sees almost no new creations on a daily basis. For those tracking trends on platforms like IntoTheBlock, exploring different time frames may provide further insight, but the decline is undeniable. Despite this downward trend, certain high-profile NFT collections continue to command top dollar. The most notable example is CryptoPunks, where some pieces are still fetching millions. Just today, CryptoPunk #9368 sold for a staggering
The post NFT Market Sees Sharp Decline In Activity, But Select Collections Like CryptoPunks Still Thrive appeared first on The Merkle News.
