The recent bankruptcy of Silicon Valley Bank (SVB) led to a decline in NFT trading volume, and traders held on to their assets during the difficult period of foreign commercial banks.
Before the crisis, NFT's trading volume was about $68 million to $74 million. Trading volumes fell after the collapse of SVB on March 10th, falling to $36 million on March 12th. In addition, total daily sales of NFT fell 27.9% during the period from March 9 to 11.
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With the United Arab Emirates warmly welcoming the rapid development in the field of blockchain technology, NFT is growing rapidly again in the region. Cointelegraph builds different places to determine NFT usage in the United Arab Emirates.
Planners adopted NFT tickets for the world-class Abu Dhabi event on March 5th. This kind of ticket is similar to the general ticket, but has one advantage, that is, it can be filmed online. This also enables planners to crack down on fake tickets more effectively. In addition, in the United Arab Emirates, NFT is used to help researchers get data and assets and become a charity reward.
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A new result from the password statistics website CoinGecko shows that NFT settlement transactions increased by 126 per cent in February. According to the data, the total trading volume of the top six NFT industry in WASH trading is 580 million US dollars.
It marks the fourth consecutive month of improvement in earthquake trading in the NFT sector. The report pointed out that the increase in trading volume in NFT earthquake positions may be related to the pick-up in overall trading volume in NFT in February.
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Salesforce, a software development company, jumped into the field of NFT after the limited release of Salesforce Web3. Salesforce Web3 is a channel dedicated to helping enterprises establish and manage NFT. The site aims to combine brands and consumers to help businesses understand how their customers interact with their brands in traditional and new data environments.
The company also said its Web3 service platform allows products to create a variety of feelings between Web2 and Web3. The company feels that this brings a 360-degree perspective on how customers interact with NFT.
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The popular NFT personal collection of art graffiti has gradually changed from a NFT project to a news media concession. According to Jordan Mujica, one of its founders, it is no longer a project of NFT. Today, this will transform from a start-up into a "leading news media concession".
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Query COINTELEGRAPH's NFT STEEZ blog
In this week's newsletter, you can see how the trading volume of irreplaceable tokens (NFT) has declined with the collapse of Silicon Valley banks. Take a look at how NFT is used in the UAE and its NFT WASH transaction volume increased by 126 per cent in February. At other news reporting levels, take a look at how Salesforce, a software development company, got into NFT. Don't forget this week's Nifty News, which includes Doodles's move from a new NFT project to a news media franchise.
We'll see you next week in the introduction to the most important trend in the NFT field. Come back next Wednesday to learn more about reports and opinions in this area of great development.
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