Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply

Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply


Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom of Crowds.”

In 2021, non-fungible tokens have been all the rage and the industry has grown very popular during the last few months. Throughout March 7 through the 13th, 2021, the term “NFT” searched on Google in the U.S. touched an all-time high reaching 100 on Google Trends (GT). Since then, queries for NFTs have slid in the United States to 92 the week after and 95 during the last week, according to today’s GT data. Worldwide queries for the term “NFT” on Google went from a score of 100 to 95. The biggest subregion in the world searching for “NFT” on Google stems from China. Uganda, Canada, Singapore, and the U.S. follow respectively. Nonfungible.com

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