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NFT financials falling in Q3 but on-chain metrics remain bullish

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NFT sales are estimated to grow by 6%(21.1M) by the end of Q3.

The market for non-fungible tokens (NFTs) has plummeted from a financial standpoint after the market expansion around avatars, virtual worlds, domains, and other digital assets generated $35.6 billion in trades from July 2021 to February 2022.  After the initial euphoria that accompanied their rapid surge in popularity, some began to doubt the long-term sustainability of these non-financial assets (NFAs) as their prices plummeted. Unfortunately, This scenario unfolded due to several macro and micro circumstances, but principally to the recent sell-off in digital assets caused by the economic uncertainty.

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