Has the NFT Bubble Burst or Not?

Today in data, a rapid drop in sales leads to speculation that the non-fungible token (NFT) bubble has popped, even as new investments flow in.

Data

300M: Amount in dollars game studio Square Enix is investing in NFT gaming

6M: Number of NFT transaction requests per second logged by Solana last weekend

119,000: Number of active NFT wallets in November 2021

14,000: Number of active NFT wallets last week

92: Percentage NFT sales have dropped since September