It’s a bit early to talk about a market revival on NFTs - especially that the top 3 out of 5 NFT projects in daily volume are all Yuga Labs IP (Bored Apes, Sewer Pass, Otherdeed)
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Markets seems to feel better in last few weeks. Softer tone of central banks and signs of lower inflation encourage more traders to go for risk-on mode. It seems that, apart from cryptocurrency, NFT market gains as well.
FXMAG.COM: Is NFT market reviving? Sewer Pass seems to have delivered a real Impulse…
Alex Strzesniewski (AngelBlock): NFTs are in an interesting position currently. We’re seeing some projects holding strong, new players emerging, and some projects that were essentially “blue chips” 18 months ago staying stagnant, with rumors that they burned through their cash reserves during the market downturn. It’s a bit early to talk about a market revival on NFTs - especially that the top 3 out of 5 NFT projects in daily volume are all Yuga Labs IP (Bored Apes, Sewer Pass, Otherdeed). What’s more interesting is the continued decoupling of the NFT market from the wider crypto market. This could also be seen during last year’s market downturn with a few notable projects not slipping in price to the same extent as spot BTC and ETH
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