NFT trading volume continued to fall in August

In August (partial month), the trading volume of non-fungible tokens (NFT) amounted to $369.53 million, down from $675.43 million for the entire July, according to data from The Block.

The OpenSea platform held the lead among NFT marketplaces, with $303 million (about 82%) in August and $528 million in July. The next closest competitors were LooksRare, Magic Eden and Solanart.

Earlier, the trading volume of the CryptoDickbutts surged by 770%.

Despite the bear market, the gold Bored Ape Yacht Club #5383 was sold for 777 ETH (about $1.5 million at the time of the sale).

The fashion brands Dolce & Gabbana, Tiffany, Gucci, Adidas and Nike earned about $260 million from selling non-fungible tokens.

Analysts at Elliptic calculated that over the 12 months since July 2021, scammers stole NFTs worth more than $100 million.

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