The NFT phenomenon and technology have made a big presence in the last 2 years.
The sphere has grown into a multi-billion dollar ecosystem.
NFT is integrating into the modern world and capturing the attention of the community.
In May 2021, NFT total trading volume on the Ethereum blockchain was $1B.
In Sept. 2022 it was $70B.
Yes, there's a drop in NFT activity ā we are in a bear market.š¤·š»āāļø
People don't want to buy just pics unless there's something behind it (we saw such a thing with the ICO hype in 2017).
And at a time of low NFT trading volumes, the trend is repeating itself again, with the future of the market being determined in the down-trend interval ā now.
