Data indicate that the latest crypto boom could be entering a slower period
The market for non-fungible tokens, or NFTs, may be slowing after NFT activity grew sharply in 2021 and into the new year.
The health of the NFT market is itself a fascinating data project. The historical volatility of the price of crypto tokens and other blockchain-based assets is high, which means that you might be fooled into calling a trend early, only for the markets to reverse and make you look silly.
In the crypto world, it’s good sense to never say never.
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And yet, we’re content to highlight a number of data points that indicate that the NFT market is slowing along a number of axes, indicating, at a minimum, that growth in the hot sector has come to a halt. This is not merely an academic point; there are a host of startups in the NFT space,…