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Are we entering an NFT downturn? – TechCrunch


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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.

The Exchange explores startups, markets and money.

Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

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,…

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