NFT market cools down, weekly sales hit a new low since mid-June

According to Coinjie.com, NFT sales fell to US$91.96 million in the first week of September, a new low since mid-June. The number of independent buyers fell 58% from June, and the average selling price fell 30% in two weeks. Despite the decrease in transaction volume, the number of transactions remained 1.27 million, indicating that market activity continued. Analysts pointed out that previous growth was driven by increased adoption rates of NFT and the Base chain.