NFT marketplace royalties drop to $4.3 million in July

Odaily Planet Daily News According to a recent Bloomberg report, the trading volume of the NFT market has plummeted by 95% from $17 billion in January 2022. Royalties, which peaked at $269 million in January, had fallen to $4.3 million in July as the transaction fee rate fell to 0.6 percent from 5 percent per transaction.