I thought the NFT market, which is mostly art, plunged 90%+. And of the remaining, a number of them are still wash sales. Is that not the case? Or maybe I’m misunderstanding what it means for royalty market to be fine in NFT art world.
Beyond monetization it has also spawned new digital art communities, meetups and conferences, exhibitions and art galleries, magazines and critical publications, and is generally continuing to garner interest within the traditional art world.
I'm sure there are plenty of wash sales, but I know many, many people -- including myself -- that buy and sell NFTs on a daily basis and I don't have much problem finding buyers/sellers, especially with the new NFT liquidity markets.