NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30

NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30Credit: CoinTelegraph

CoinTelegraph

10 months ago

In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties ...

Trained AI Editor

According to a report from the Nifty Newsletter, the prices of NFT collections took a massive hit during the first half of 2023, with the average price of collections dropping drastically. This downward trend is due to the increasing competition from new entrants to the NFT market, as well as the emergence of new technologies that are making it easier for people to create and trade digital assets. As a result, the total value of NFT collections has declined significantly, presenting an ever-increasing challenge for those involved in the market.

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