IntroductionRecent waves of liquidation have triggered contagion fears in the crypto market, spreading from Three Arrows Capital to crypto lenders like Celsius Network, Babel Finance, BlockFi and Voyager Digital. Billions of dollars have been wiped off the market in the past few weeks due to the collapses and the slump in digital asset prices. Liquidity issue is not only fatal to the development of DeFi but also (if not more of) such a case in NFT. In this report we will focus on NFT liquidit...