The heartbeat is an overview of the critical KPIs and indicators of the NFT market strength and current state.
We've heard too many sensationalist headlines either pro or against NFTs, many times these are misleading, and this is why we created the "NFT heartbeat", that shows a precise and objective status of the NFT market, spanning over the last 20 months.
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The Analysis
If we examine the sales volume figure in the graph, we can see a stable, slightly growing $1B market over the last 10 months, which definitely means it is both stable and powerful. The last couple of months that showed growth, is a strong indicator of an expected rise in the market (we are before the next NFT market boom, the last one was in January 2022, reaching $6.4B) however, even in its current steady state, it holds vast opportunities for all our clients.
If we examine the total transactions figure, we can see that the NFT market has remained quite constant in terms of total transactions, indicating a very active & strong market.