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Is NFT fad or here to stay?
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Metaverse Weekly: News From All Corners Of The Metaverse
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Beeple s record sale Business Insider
While the average price of NFTs have fallen from their highest point in February, average crypto art prices have been fluctuating in recent weeks. Between February and the end of March, prices dropped 70% but have since climbed 30% from a low around $1,200 last month.
Melissa Gilmour, the founder of the London-based NFT agency Lily & Piper told CNN the price drop is likely not permanent. There are elements of a hype cycle in this one, but we still see it as an immense long-term opportunity, she told CNN.
Still, March s lows were far above where the NFT market was just four months ago. In January, the average price for a crypto art piece was about $195 the year before it was $30.