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I thought the NFT market, which is mostly art, plunged 90%+. And of the remaining, a number of them are still wash sales. Is that not the case? Or maybe I’m mis
by skinnymuch 4y ago
I thought the NFT market, which is mostly art, plunged 90%+. And of the remaining, a number of them are still wash sales. Is that not the case? Or maybe I’m misunderstanding what it means for royalty market to be fine in NFT art world.
- 676234e117 4y agoSales volume has plunged from its early hype, but daily trades and activity remains higher than ever. In some corners of the market sales and royalties are still generating significant revenue for many artists, where prior to NFTs they did not have many options for monetizing their digital art. Beyond monetization it has also spawned new digital art communities, meetups and conferences, exhibitions and art galleries, magazines and critical publications, and is generally continuing to garner interest within the traditional art world.
- rewtraw 4y agoThe NFT market is still doing surprisingly well, especially considering how poorly the traditional markets are performing. I'm sure there are plenty of wash sales, but I know many, many people -- including myself -- that buy and sell NFTs on a daily basis and I don't have much problem finding buyers/sellers, especially with the new NFT liquidity markets.
- adammarples 4y agoWhy do you buy and sell nfts on a daily basis?