NFT Token Development - Boost Your Revenue With NFT Token Creation

NFT Token Development - Boost Your Revenue With NFT Token Creation Non-fungible tokens have been swept up in the cryptocurrency crash as sales reached a 12-month low in June. NFTs confer ownership of a unique digital item – often a piece of virtual art – upon someone, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a blockchain. Sales of NFTs totalled just over $1bn (£830m) in June, according to the crypto research firm Chainalysis, their worst performance since the same month last year when sales were $648m. Sales reached a peak of $12.6bn in January. “This decline is definitely linked to the broader slowdown in crypto markets,” said Ethan McMahon, a Chainalysis economist. “Times like this inevitably lead to consolidation within the affected markets, and for NFTs we will likely see a pullback in terms of the collections and types of NFTs that reach prominence.” The cryptocurrency market, worth about $3tn last November, is ...