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NFT Industry Hit Hard In March With 31% Decline In Revenue

Despite the broader crypto market being bullish in the past few days, the NFT industry has been battered by a sharp decrease in revenue across the board.

According to CryptoSlam, NFTs sales volume dropped by nearly 31% since last month. This has been in complete contrast to the crypto market which regained lost ground from a disastrous 2022.

Although several big developments around NFTs should’ve helped with the sentiment surrounding the asset, being a new asset class, there are still doubts about whether there is actual utility behind the tech.

(By Christian Encila)

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