BI “NFT Prices Are Worth Less Than Half What They Were in April, as the Market Has Cooled”

Posted on the 19 May 2021 by Worldwide @thedomains

Sophie Kiderlin published an article today at BusinessInsider.com that delves into the red hot NFT space.

Sophie writes that,volumes in dollar terms have since fallen to below $28 million on average in the past week from around $78.62 million a month ago, according to data from nonfungible.com.

The article mentions Mark Cuban of Shark Tank and NBA owner fame.

A piece of NFT art shown in Cuban’s collection on his NFT display platform Lazy.com has been on sale for over a month.

‘Nuevo Galaxy’, a “multilayered work in the spirit of the world beyond” created by AnnieMc was purchased by Cuban for 0.4 ether on the 13th of April. Cuban offered it over a month ago for 5 Ether – currently $17,562.95 – a mark-up of 1,150%, according to NFT sales platform OpenSea – but so far, it’s still up for sale.

Full story on BusinessInsider.com

NFT domain names continue to be sought after in domain wanted threads. An NFT related name NFTDEX.com (1 year old hand reg) was one of the top sales at Sedo this week.