According to Bloomberg, according to Token Terminal data, the reduction in artists' income may hinder the launch of new works, leading to a rigid market, where trading volume has fallen 95% from $17 billion in January 2022. Researcher Nansen said that royalties peaked at $269 million that month, but were only $4.3 million in July this year as the rate paid for each transaction fell from as high as 5% to 0.6%. Phillip Kassab, head of NFT and game growth at blockchain technology expert Sei Labs, said this is a short-sighted strategy that ignores the fact that sustainable success in this field is built on a delicate balance that empowers traders and creators. Nansen data shows that as creator spending has dropped sharply, NFT artist royalties have fallen 98% from their peak.