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In mid-March, average daily NFT sales were at an all-time high of $19.3 million, and a record-setting art sale of $65 million had investors wondering whether NFTs were the next hot investment. Four weeks later, average sales are down to $5.5 million per day, and there's one question on everyone's minds: is this just an inevitable correction from unsustainable highs, or is the NFT craze on its way to burning out already? This ArtNet article takes a closer look.

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