SVB collapse chilled NFT trading volumes: Nifty Newsletter, March 15–21
Cointelegraph explored the United Arab Emirates to see how NFTs are used in the region. SVB collapse chilled NFT trading volumes: DappRadar The recent collapse of the Silicon Valley Bank (SVB) resulted in dwindling numbers for NFT trading volume s, with traders holding on to their assets amid the banking crisis in the United States. Before the crisis, NFT trading volumes were around $68 million to $74 million. After SVB collapsed on March 10, the trading volume declined, falling to $36 million on March 12. In addition, the daily NFT sales count also dropped by 27.9% between March 9 and 11. Continue reading… Dubai to Abu Dhabi: How NFTs are used in the UAE As the UAE welcomes developments within the blockchain space, NFTs continue to thrive in the region. Cointelegraph explored various places to find out how NFTs are being used in the UAE. At the Ultra Abu Dhabi event on March 5, organizers used NFT tickets. The tickets were similar to regular tickets but had the benefit of being rec...