NFT Market Cap Drops 46% Across Chains in One Month

The total NFT market valuation fell from approximately $6.6 billion to $3.5 billion over the last 30 days amid declining activity.

NFT

Summary

No Summary provided as the original text is short

Terms & Concepts
  • NFT (non-fungible token): A unique digital asset stored on a blockchain, commonly used for art, collectibles, and gaming items.
  • Market Cap: The total value of a market, calculated by multiplying the asset's price by its circulating supply.
  • Blockchain: A decentralized digital ledger that records transactions across multiple computers securely and immutably.