It was only a matter of time: non-fungible tokens or NFTs have seen a massive drop in sales since the beginning of 2022. In only nine months, the NFT sales have dropped by a whopping 97%.
The drop in sales alone isn’t the only problem, nor it came to being on its own. As it turns out, a bunch of NFTs has been fake or stolen and many accounts have been hacked, so it’s no wonder that people are rapidly losing interest and trust in digital collectibles.
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