Is the NFT market already about to collapse?

According to a report published today by Protos, a magazine that specializes in cryptocurrency and blockchain, the NFT market has seen a 90% narrowing of its sales volume over the last month. After the peak of last May 3, in fact, where sales of 102 million dollars were recorded within a single day, sales fell dramatically: the Protos report in fact reports that only 19.4 million dollars were sold in NFT over the last week – a disastrous implosion, considering the 170 million global dollars recorded in the week of the peak, in early May. 

Half of last week's NFT market sales were collectable FT that outpaced crypto-art sales. Active digital wallets, i.e. NFT's virtual "containers", have also dropped from 12000 to 3900 in the last month, with a decisive overtaking of collectables, especially sports-themed ones, compared to crypto-art.

This collapse, however, will not completely erase the NTTs, whose spread in the mainstream digital market has found applications in fashion, with the authentication of products through the blockchain; in the field of sport, with the sale of digitally verified tickets that cannot, therefore, be counterfeited; in gaming and web developing and, in the field of physical art, with certificates of digital originality such as those that couple the limited series of Sexy Robot Floating sculptures by Japanese artist Hajime Sorayama.