9 Factors Behind the Recent NFT Crashby@simplykalaa

9 Factors Behind the Recent NFT Crash

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The most popular NFT, **Bored Apes Yacht clubs, falls for 47%**, according to the report of Bloomberg. NFT Index shows a 23% decline** as Bitcoin reaches its all-time 18-month low. Total NFT sales reached **$25 billion** in 2021, compared to $94.9 million in 2020. Despite all these, gaming industries are expanding on NFT marketplaces; Meta will integrate blockchains like Etherium, Polygon, etc. When we hear this news, it becomes crucial to know the failures behind NFT.

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