NFT Sales Plummet 26% as Global Market Experiences Major Downturn

A recent market downturn has shaken the NFT sector, with sales falling by a significant 26% to just $101 million in the last week of October. Analysts attributed this decline to ongoing trade tensions between major economies like Mexico, the USA and China, along with prevailing macroeconomic pressures. Ethereum remains the dominant player in the NFT space, accounting for much of the recent losses despite a slight increase in sales volume.