A drop in prices of digital assets does not necessarily affect the performance of non-fungible tokens (NFTs) as they continue to soar despite crypto slumps, according to distributed app (dapp) store DappRadar.

For instance, during the third quarter of 2021, when the crypto market was struggling to recover the losses of the second quarter, the market for NFTs was booming, generating USD 10.7bn in trades. Likewise, in Q4, as digital assets were on a roller coaster, NFTs continued their upward movement, processing USD 11.9bn in trading volume.