NFT million USD fell sharply

 Some of the million USD NFTs in the CryptoPunk collection or the first tweet on Twitter 










In mid-April, NFT Twitter founder Jack Dorsey's first tweet was also paid the highest price of only 280 USD, while the owner is Sina Estavi - CEO of blockchain company Bridge Oracle in Malaysia - bought it for 2 ,9 million USD. Currently, this NFT continues to push the price up but is still only at $24,000.

This is the second time Estavi has failed to put the NFT tweet up for auction. Earlier this year, he also made the same move but only received the highest bid of $ 14,000, although he expected the NFT to reach $ 50 million. However, he believes the NFT market has not shown any signs of going down.

Also in April, an anonymous user spent 32,000 USD to buy NFT named Doggy #4292 released by the artist's company Snoop Dog. This person then offered to sell for $ 25.5 million, but the current highest payment is only about $ 200.

The Financial Times analyzed OpenSea data and found that the price of Bored Ape - an ape-shaped NFT collection owned by many celebrities - has dropped 44% since the end of February. Several other collections have also suffered. similar price drop.

According to NonFungible, the NFT market has been plunging since late 2021. The number of daily NFT transactions last week was 19,000, down 92% from the peak of 225,000 last September. Global revenue in the sector also nearly halved from $4.6 billion in January to $2.4 billion in March.

Interest in the NFT is also going down. According to Google Trends, the number of searches for content related to this topic is now down 80% from its peak in January.
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