High volatility and a sharp decline in all major cryptocurrencies have affected audience interest in NFT, according to Google Trends.
The level of interest is indicated by the number of Google searches in the NFT context, represented by a number from 0 to 100. A value of 0 or close to 0 means that there is almost no interest. That is, a value of 50 means that the term is of interest to a conditional half of the world’s population.
As you can see in the chart, compared to January, interest fell by 74%.
The volume of trades on NFT platforms correlates with these indicators – if the average monthly volume of trades in January was 16.5 billion, in May this figure was 4 billion.