State of the NFT Market
Vaulted by PROOF
NFT Market Decline and Factors Affecting Volatility
The chapter discusses the decline in the NFT market, analyzing the performance of various collections and highlighting factors such as financial losses, taxes, and doubts about sustainability. It explores the relationship between NFT volatility and external factors like recession, tax season, and Bitcoin predictions. The chapter also delves into the difficulty of determining the value of NFTs and the formation of markets around art pieces.
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