Global search interest for non-fungible tokens (NFTs) remains at abysmally low levels despite the ongoing cryptocurrency rally, according to data provided by Google Trends.
The aforementioned term attracted few search queries compared to “crypto” this year. This indicates cooling demand for the sector that defined the 2021 bull run.
In March, the term “crypto” reached a value of 100, which indicates peak popularity. The term “NFT” paled in comparison to “crypto” with a value of just 10.
The same trend could be observed in May, with NFTs failing to attract any substantial interest despite growing crypto prices.
This marks a sharp contrast with January 2022 when the term “NFT” was actually ahead of “crypto” by a substantial margin (82 and 66, respectively).
Other metrics also confirm that the NFT sector is struggling to recover. According to data provided by AltIndex.com, the number of active wallets holding NFT tokens has now dropped to the lowest level since early 2021. In fact, the NFT space has lost more than 90% of users since reaching its current peak in December 2021.
In 2021, NFTs attracted plenty of attention from celebrities and major companies, becoming the talk of the town in the investment community. They also allowed creators to monetize their work. However, due to crypto industry crises and unfavorable market conditions, such investments quickly lost their allure.
“Web3” is dead
While NFTs are almost dead, the term “Web3” appears to be completely dead. The term, which gained traction in late 2021 and 2022, went out of vogue, attracting very few search queries.
“Web3” was supposed to become the go-to term for the new iteration of the web with a strong emphasis on decentralization. It has failed to catch up. In May, it attracted only a tiny portion of search interest compared to crypto.
how much does clomid cost without insurance can i purchase generic clomid prices can i buy cheap clomiphene no prescription cheap clomid prices can you buy cheap clomiphene prices buy generic clomiphene price buying clomiphene without dr prescription
I’ll certainly bring to be familiar with more.
Thanks recompense sharing. It’s top quality.
buy generic zithromax online – buy generic ciprofloxacin online flagyl price
purchase semaglutide online – periactin 4mg pills how to get cyproheptadine without a prescription
motilium 10mg ca – domperidone 10mg price order flexeril 15mg
clavulanate uk – https://atbioinfo.com/ buy ampicillin no prescription
cost coumadin – https://coumamide.com/ generic losartan 50mg
buy meloxicam generic – mobo sin order mobic generic
prednisone 20mg generic – adrenal buy deltasone 40mg online cheap
buy ed pills online – pills for ed medication for ed
brand amoxil – https://combamoxi.com/ cheap amoxicillin for sale
buy forcan no prescription – click buy cheap generic forcan
cenforce 50mg drug – https://cenforcers.com/ buy cenforce online cheap
tadalafil generic 20 mg ebay – https://ciltadgn.com/# buying generic cialis
cialis generic – click cialis vs flomax
buy viagra at boots – https://strongvpls.com/# buy viagra mastercard
Proof blog you procure here.. It’s obdurate to on high status article like yours these days. I truly appreciate individuals like you! Withstand guardianship!! https://gnolvade.com/
With thanks. Loads of knowledge! brand neurontin
I am in fact happy to gleam at this blog posts which consists of tons of useful facts, thanks object of providing such data. https://prohnrg.com/product/omeprazole-20-mg/
With thanks. Loads of erudition! https://aranitidine.com/fr/cialis-super-active/
This website really has all of the information and facts I needed to this case and didn’t know who to ask. https://ondactone.com/spironolactone/