Here’s One Reason Why Buterin Is Happy With the Bear Market
NFT trading volumes have dropped by 97% from their all-time high in January 2022. Monthly volume has reached only $467 million this September when its highest was $17.2 billion. Vitalik Buterin criticizes NFTs and he considers NFT trading as a sort of “gambling.” It appears there is one subsector of the crypto space that is affected more by the current crypto bear market than regular cryptocurrencies — non-fungible tokens (NFTs). Specifically, the NFT trading volumes appear to be dead. According to an article by Bloomberg, NFT trading volumes have dropped by 97% from their peak in January 2022. Back in