The NFT slump is real

The consumer trading boom has deflated, pushing unicorns and recently public companies alike into defensive modes. The decline in consumer trading activity is also extending to newer categories of assets, data indicates, like non-fungible tokens (NFTs).
Per The Block’s data arm, weekly NFT sales declined by just over 70% from a high of nearly 1 million units in the third week of 2022 to a little more than a quarter-million in the most recent week in the dataset, which began in the final days of May. The decline in NFT sales volume is not new, but it has grown in severity in recent weeks,

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