Blockchain Gaming Worst Hit by NFT Trade Volume Dip in Q2 2022, Reveals Nansen Report
Non-fungible tokens (NFT) buyers have made a comeback into the market in June after a poor showing through the month of May, however, trade volumes across major Ether-based marketplaces show a considerable dip yet again, as per business analytics service Nansen. The Nansen NFT Indexes Report for the second quarter of 2022 points towards a series of free minting events, also called AirDrops in the crypto world, as a reason for the increased activity through June although blockchain gaming continues to be worst hit among indexed marketplaces.
Nansen's Q2 NFT Report found that monthly returning buyers of NFTs on the Ethereum blockchain bounced back to 45,000 in June after seeing less than 35,000 in May. The company reviewed six indexes of NFT collections of NFTs denominated in ETH that are representative of trends in the market.
The six gauges – NFT-500, Blue Chip-10, Social-100, Game-50, Art-20 and Metaverse-20 – saw significant decreases in Q2 from the first three months of 2022. Nansen's Gaming index fell the most, 59.6 percent from the beginning of the year.
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