Interest in NFTs is also gradually decreasing falling by 80% since its peak in January.

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NFT sales fell by 92% to a daily average of about 19,000, compared to a peak of about 225,000 in September 2021. NFT of the first tweet from Twitter co-founder Jack Dorsey was purchased in March 2021 for $2.9 million. In April 2022 it was offered for no more than $14,000 at auction.

NFT Sales Declined 92% Since Its Peak in September 2021

<p>NFT’s are nothing but scams. That’s why this is happening. The technology itself is nice, but the way it was implemented is doomed to fail.</p>


<p>And yet every other thing on my Twitter timeline is an NFT advert. Cannot wait to see this thing die the death it deserves. Sadly something else will take it’s place.</p>
