Falling NFT Sales and Drop in Top Collection Floor Prices in 2023

Several nonfungible token (NFT) collections have seen their floor prices fall this year, with the NFT market failing to pick up steam. The cryptocurrency market has gained 40% since the start of the year, but NFTs have not seen a similar increase. Popular NFT collections from last year, such as Doodles, Moonbirds, Goblintown, and Invisible Friends, have struggled this year, with some experiencing a 90% drop in their floor price. The NFT sales volume has reportedly declined by 84% from April 2022 to April 2023. The Bored Ape Yacht Club remains the top-selling collection with $43 million in volume over the past 30 days, according to Cryptoslam. On the Blur marketplace, sellers have recently offloaded a significant number of NFTs. However, readers are advised to verify facts independently before making any decisions based on this content.