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Ethereum NFT collections lost nearly 60% of their market cap in 2022: Report

The Ethereum NFT market was worth $9.3 billion at the beginning of 2022, according to DappRadar’s valuation, and that figure dropped to $3.7 billion by year-end — a loss of 59.6%. The price of Ether (ETH) impacted the valuations:

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Source: Cryptocurrency - investing.com

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