Several years ago, the non-fungible tokens tried to make a lasting mark on the cryptocurrency and blockchain industry. Fast forward to today, and it seems this industry is already running on its last legs. Despite some projects still noting strong volume, attracting users from outside of the cryptocurrency industry remains the biggest problem to overcome. As such, one has to wonder how long these projects will be about unless something changes in a major way.
The Seven-day Volume is Waning
In the industry of non-fungible tokens, numerous projects are competing with one another. Prominent names are Decentraland, Cryptokitties, MLB Champions, and Etheremon, among many others. Despite all of these projects offering something different from one another, it seems the overall interest in these projects has waned significantly. The current number of transactions over the past few days is still looking decent for some, but that only tells part of the story.
When looking at the actual seven-day volume of all of these projects, it is…