The market for NFTs has gotten smaller. But it hasn't died.
of NFTs exchanged hands in the past 30 days. Perhaps more importantly, the market is changing in a fundamental way.From the beginning of the NFT boom in early 2021, the issue that's held the marketplace back has been liquidity.Lately one marketplace,Blur's entire design is based on the idea that some traders want to buy or sell a bunch of NFTs from a single collection at once, something called "sweeping the floor.
Sweeping would be like snatching up 20 Picasso paintings sight unseen, instead of obsessing over Guernica — before Picasso really became a thing.If more traders are sweeping the floor, that increases the likelihood that cheap NFTs just sell, which makes the value of all NFTs more "real."Blur, which only launched in October, is winning the market for vibes. It now has about 40% of the retail NFT market, coming out of nowhere in October.
France Dernières Nouvelles, France Actualités
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