NFTs have been one of the hot topics since last year, and reached a peak in trading value earlier this year. A number of new brands were developed using NFT, such as Bored Ape and so on.
In any case, NFT trading rates are now seen to fall by up to 97% compared to last January. In January, NFT trading value reached around $17 billion, but now it is around $466 million – which is still high, but showing a downward trend.
In addition to NFT trading, the value of cryptocurrencies has also shown a recent decline, including the value of Bitcoin which is traded below RM100,000.
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BUSINESS & MONEY
