Cryptoverse: NFT bubble gets that shrinking feeling

FILE PHOTO: A visitor takes a photo in front of a video installation "Glows in the Night" by Chinese contemporary artist Yang Yongliang, which will be converted into NFTs and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China September 30, 2021. REUTERS/Tyrone Siu/

(Reuters) - The NFT bubble isn't popping, but it may have sprung a leak.

A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie's auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anyone can see online for free, this weird and wild market is showing some signs of slowing down.