NFT markets slump as weekly sales volume dives 30%

-Yuga Labs NFT collections have seen a decrease in transaction volume over the past 24 hours
-Otherdeed, Mutant Ape Yacht Club, and Bored Ape Yacht Club have all seen over 50% drop-offs in volume over the past 7 days
-The general NFT market has mirrored Yugas collections, where volume has dropped 31% to $113 million
-However, prices have not yet followed suit as the total NFT market cap has only dropped marginally to $19.5 billion in the same period
-Active market wallets that have made an NFT trade over the past 7 days have been dropping steadily, along with the total number of unique buyers since May 1
-Despite the sluggish start to NFT trading in 2022, researchers are predicting that the NFT market will grow by 4.5 times by 2027 to become a $13.6 billion industry

NFT markets slump as weekly sales volume dives 30%
NFT markets slump as weekly sales volume dives 30% 2

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