​​ NFT Market Benefits From Cryptocurrency Collapse In May | 🔸MONETKA.BLOG🔸

​​ NFT Market Benefits From Cryptocurrency Collapse

In May, cryptocurrency market capitalization fell by 42%, or about $ 1 trillion. As a result of the correction, about 1 million leveraged transactions were liquidated. However, the market for non-fungible tokens (NFT) continued to grow: compared with January, trading volumes jumped 277% to $ 5.8 million per day. The past collapse opens up a second wind for the NFT.

Benefits of NFT:
transparency of transactions for the purchase and sale or donation of works of art
great definition of the true copyright holder
the ability to enable options (such as paying extra to the author from each resale).

Perhaps soon it will be a great replacement for the regular cryptocurrency market.