The Non-Fungible Token market, better known as NFTs, appears to be collapsing. Since September, sales have fallen 92%, and the market has seen over an 88% drop in active users.
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Francisco Gimeno - BC Analyst While we agree in principle that NFT market's bubble is deflating, we wouldn't give it for dead. Even now crypto and fiat market are also going bearish. The collapse in a bear market is unavoidable and ultimately will mean a better understanding of what a NFT is, why is a good asset in digital finances, and NFT's of monkeys, zombies, and others will probable be history. Remember when something new comes speculators are the first ones to climb to it, but only when the understanding, the value and use of it is massively understood then is possible to really experience it.