As NFT market cools, a chance to learn lessons from its explosive growth
Cointelegraph
Published Jun 17, 2021 03:04PM ET
Updated Jun 17, 2021 04:40PM ET
What a difference three months makes. Back in March, there was a jubilant atmosphere when Beeple’s mega nonfungible token sold for $69.3 million. You didn’t have to look far to find bold proclamations that crypto art was the next bold frontier in culture — offering opportunities to fledgling creators and transforming the way we interact with masterpieces.
Things look a little different now we’re in June. All-time highs for Bitcoin and Ether are a distant memory, and sobering figures published by Protos suggest that NFT sales have plummeted by 90% since their peak in early May. (Some have questioned this data).
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Written By: Cointelegraph
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