No recovery in the NFT market

Sales in the NFT market collapsed again in September. A comeback is not currently in sight.

The NFT market continues its downward trend. In September, according to Cryptoslam , sales reached about US$300 million - the lowest amount this year. In August, it was $70 million more. The strongest month for the NFT market this year was March, with sales of US$1.6 billion.

The number of transactions also reached a new low. According to Cryptoslam, there were five million transactions in September, more than two million fewer than a month earlier.

The only positive news was the increase in the average value of transactions. In September, it was nine dollars higher than in August.

In addition to the significant drop in sales, the NFT market in the U.S. is also under heavy regulatory pressure. Opensea, one of the largest trading platforms for non-fungible tokens, recently received a warning from the SEC. You can read more about this here.