Bloomberg: "The fall in NFT prices indicates a decrease in the excitement" – Bits Media

According to the Nonfungible.com site, The average purchase price of collection tokens (NFT) Reduced by 70% Since February. This may mean, that the NFT boom is gradually passing, Bloomberg analysts consider.

As of 1 April the average sales price NFT was $1 400, while 22 february She achieved $4 300. Interest in the topic also spurred the sales of large lots with famous auction houses. So, In early March, the auction house Christie’s sold the digital picture of the artist Beeple for $69.3 million. However, calling the sphere NFT "bubble" is also not worth.

“It makes no sense to call the NFT industry a financial bubble. There is not a larger bubble here, than in cryptocurrencies. There are mania and irrational popularity, But cryptocurrencies will remain for a long time, As well as NFT ", - believes academician Chris Wilmer (Chris Wilmer) From the University of Pittsburgh.

Various companies are trying to use technology to increase their sales. And although the use of NFT for digital art is not always justified, The technology is great for sales of films and music.

“Although, thanks to cryptography, you can quickly and simply prove the authenticity of NFT, users just deceive users, If they don't know how to do it. Think, We are waiting for a wave of fraud in this area ", - said Wilmer.

According to Google Trends, Interest in collectible tokens reached almost the same level, As for the primary placements of tokens (ICO) During their boom in 2017 year.