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This is highly misleading,

. The average price of assets in a class doesn't have anything to do with the price of individual assets. The market is expanding, becoming more accessible. It's the Etsy/eBay-ification of digital collectibles. Now anybody can create & sell.

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Bloomberg

@business

· Apr 3, 2021

Prices for digital collectibles like art and sports memorabilia are sliding, turning the focus back on whether the nascent market for so-called non-fungible tokens is any more than a fleeting mania trib.al/J3isNS1

definitepotato

@definitepotato

Apr 4, 2021

A better indicator of the mania might be overall market cap of NFTs. I dislike uneducated opinion pieces. I first discovered NFT reading ERC-721 in 2018. Now that accessibility is easier due to eBay-ificiation suddenly we have lots of experts. You were right, get ready to fight.

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and

Market cap is going to keep expanding as more things become tokenized. To be able to say that prices fell, we’d have to look at sales. I haven’t seen any NFTs resell at a discount to the original purchase price. Are unsold NFTs being marked down or fetching lower offers? idk.

6:15 PM · Apr 4, 2021Twitter for iPhone