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Why is the NFT market down?

March 31, 2023

The entire crypto industry was affected by a series of unfortunate events during 2022 and the repercussions are still visible in 2023 as well. While crypto investments are recovering steadily, the ownership of non-fungible tokens was even more seriously impacted. Once you understood that coins and tokens are corelated, but certainly different, you are on the path to acknowledging why the NFT market went and still seems to be down. More on the differences between crypto coins and crypto tokens here.

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