Music NFTs Were Huge In March, But Has the Bubble Popped?

Sales of non-fungible token collectibles throughout January through May 2021 were massive. But a new report suggests sales in every single category is drying up. In fact, sales of NFTs seem to have peaked in May, when $102 million were sold in a single day. Data analyzed by Protos shows that only $19.4 million in NFT sales have been processed in the past week.

Source: Music NFTs Were Huge In March, But Has the Bubble Popped?

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