Non-Fungible Token Sales Take A Nosedive As User Fee Rises To 3%

The non-fungible token (NFT) market is one of the most promising areas of blockchain technology, but it is not without its challenges. Over the past few months, NFTs have suffered setbacks as their prices steadily increased.

Currently, the average token sale is close to $6 million, making it difficult for projects to gain a foothold as investors are unwilling to spend that amount on non-fungible assets.

A non-fungible token is a digital representation of a physical asset such as a work of art or a physical collectible. These assets can be used in games, social media sites such as Instagram and Twitter, and can be used to pay for online services such as Amazon Web Services.

“We see a lot of activity around NFTs because there is no other way for someone to own something,” said Eric, CEO of Singularity University, speaking at the recent Token Summit conference in Singapore.・Mr. Pisini talked about how opinions in this area are changing. Evolves over time.