The entire term “non-fungible token” according to GT data, shows the score recently dropped from a 100 to an 89.

The NFT marketplace NBA Top Shot saw a decline in sales and dropped to its lowest percentages so far, according to evaluate.market statistics on April 3, 2021.

Sales numbers, sales in USD, and active market wallets for NFTs have also seen a decline in recent days according to today’s nonfungible.com data. 30-day stats show NFT sales dropped over 80% nonfungible.com’s market history details.

James Surowiecki, the author of “The Wisdom of Crowds” has recently written about oversaturation in the NFT industry on March 31, 2021. Surowiecki explains in his article called “An Oversupply of NFTs Is Going to Kill the Golden Goose,” that “the signs of oversupply are easy to see.”

“With NFTs, the risk of oversupply is especially acute, because there is no one in charge, and the barriers to issuance are so extraordinarily low— you can literally create a new NFT in a matter of minutes,” Surowiecki’s editorial explains. “And, unlike comic books or baseball cards, NFTs don’t fall apart or get discarded. In other words, the only thing we really know about NFTs is that there will be more of them a month from now than there are today.”