NFT Financials Falling in Q3 but On-Chain Metrics Remain Bullish, DappRadar’s New NFT Report Shows
NFT Financials Falling in Q3 but On-Chain Metrics Remain Bullish, DappRadars New NFT Report Shows
- NFT Financials Falling in Q3 but On-Chain Metrics Remain Bullish, DappRadars New NFT Report Shows
NFT Financials Falling in Q3 but On-Chain Metrics Remain Bullish, DappRadars New NFT Report Shows
DappRadar , the global app store for decentralized applications, predicts in its new report on the state of the NFT market that despite financials falling in Q3 that total sales are expected to grow by 6% by the end of the quarter. - Although the NFT market's trading volume decreased by 75% ($2 billion) from the prior quarter, sales are estimated to reach 21.1 million by the end of Q3.
- In contrast, NFTs on ImmutableX increased trading volume by 87% from the previous quarter showing the potential of web3 games.
- In the fashion and luxury NFT market, while trading volume dropped off significantly from Q1 to Q3, the report argues that demand for fashion and luxury NFTs remain one of the strongest use cases.