Non-Fungible Token Research Instrument NFT Inspect Is Shutting Down
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NFT Inspect Shutting Down on 17th January
The team wrote on Wednesday that after months of researching and tweaking, the research tool company arrived at the unfortunate decision that they cannot continue moving forward. They also appreciated the support during this past year's emotional journey.
NFT Inspect would let users who utilize Crypto Twitter keep a record of the NFTs used in the criteria for the selection of the most active tweeters. It would enable researchers to track changes in the popularity of NFT projects between Crypto Twitter's refreshing audience. The market's lack of interest in NFTs has led to the decision to end the project.
The Decline in NFTs Trading Between Q2 and Q3
According to information from a recent NonFungible study, the global commerce of NFTs fell by an astounding 77% between both the second and third quarters of 2022, reaching a total volume of $1.7 billion in the third quarter. According to the data, the resale profit fell by 84% over that time. According to data from December 2022 supplied by CryptoSlam, almost $650 million in NFTs were traded throughout the month. In contrast, NFT sales of almost $2.6 billion were recorded in December 2021.
