What does it take to revive the NFT market?

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From July now behind, we have a full month of NFT trading data to digest. The numbers are mixed. While there are some positive signals from the non-fungible token market that matter, others are clearly negative. Trade continues, but appears to be at a much slower pace.

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For NFT companies, this news is likely to be unwelcome. Big world of blockchain is in a period of correction, but the fact that key NFT market indicators are falling as fast as we are makes us wonder what could revive demand. It seemed doubtful that the period of hype that gave us endless derivatives of Bored Ape would last forever. But what’s next?


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Let’s take a look at the July data and then dive into what could bring NFT back to prominence. After all, NFT trading has grown several fold in the first decade of the blockchain era – the way it is – so surely it could grow again?

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We will first check out market leader OpenSea and then add other NFT marketplaces to get a good idea of ​​the non-fungible token market. After that, we theorize some ideas that could make NFTs less cool again. Work!

Dim July

The overall direction of NFT trading volume has been negative for some time, as shown in the following chart. by The Block and CryptoSlam makes it clear:


Credit: techcrunch.com /

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