It was only a few months ago that NFTs were the hottest trend in tech. Celebrities from Paris Hilton to Snoop Dogg were cashing in, and tech visionaries were imagining how the metaverse could be built on the back of nonfungible tokens.
Now it appears that – like tulips and Beanie Babies before them – the hype-train may have hit the buffers.
According to The Block (), a site that compiles NFT data, weekly NFT trading volume fell dramatically from a high of $1.1 billion