NFT Sales Plummet, Courtyard Reigns Supreme Amidst Crypto Slump

The NFT market is experiencing a downturn, with sales volume decreasing by 4.7% to reach $94.7 million last week. This trend follows the broader crypto slump and coincides with Bitcoin’s fall below the $83,000 level, while Ethereum (ETH) also experienced significant losses. Despite this challenging period, Ethereum remains a dominant force in the NFT space with sales volume increasing by 41.3% from the previous week to reach $36.1 million. However, other chains saw declines as well.