@BOMBERuss 2 July 2022 more from that month

Monthly volumes of the #NFT market have fallen by 94% since the beginning of the year. Trading volume in the non-interchangeable #token (NFT) markets fell from $16.6 billion in January to over $1 billion in June this year. According to The Block data, this decrease is 94%, demonstrating how the bear market of cryptocurrencies affects sales of non-interchangeable NFT tokens. It should be noted that most of the NFT trading volume at the beginning of the year was probably related to fictitious trading on the NFT LooksRare #trading platform. Fraudulent trading is when users trade tokens among themselves in order to fraudulently raise prices. Six months ago, it was believed that NFTs were isolated from the conditions of the cryptocurrency market. Some non-interchangeable tokens, such as the popular Bored Ape Yacht Club, provide users with access to exclusive communities and events that retain value even when the market is falling. But, as previously reported, the minimum prices of NFT have decreased in recent months — such popular projects as #BAYC, #Doodles and Cool Cats have fallen by about 30%.