Bitcoin Miami conference Bored Ape NFT Joe Raedle/Getty Images
NFTs have had a breakthrough year, and over the past 12 months, sales volume has hit $29 billion.
But a significant decline in the cryptocurrency market has helped fuel a pullback in NFT sales.
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The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as NFTs.
The craze has pushed total NFT sales volume to $29 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space.
NFTs, or non-fungible tokens, are unique, irreplaceable, mostly digital items that users buy and sell online.
NFTs use blockchain technology to keep a...
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