The Non-fungible Token (NFT) marketplace has suffered significantly with regards to sales in the month of May. According to the market tracker Nonfungible, USD sales figures dropped from over $60 million per day in early May to $25 million as of 20 May. Here’s the significance.
The number of sales surpassed 100,000 per day at the beginning of the month but had slumped to around 23,000 by the end of last week. However, it seems that the largest NFT marketplace, OpenSea is trying to revive these falling numbers.
On 21 May, OpenSea unveiled Seaport, a brand new Web3 NFT marketplace for trading popular token collections. Seaport would allow users the option to obtain NFTs by offering assets other than just payment tokens, such as Ether (ETH). Indeed, this got investors excited considering this important development.
But there’s more to come.
<p lang=«en» dir=«ltr» xml:lang=«en»>In the third season of Netflix's «LOVE, DEATH+Robots» on May 20th, a QR code that can be MIint NFT will appear randomly. There are 9 NFTs in this series. The floor price now is only 0.001 ETH.https://t.co/qbxTuAypk8— Wu Blockchain (@WuBlockchain) May 23, 2022
In conjunction with the release of the Love, Death + Robots series, Netflix launched a search to find nine hidden QR codes scattered across LDR’s social networks, physical billboards, and digital platforms. Each QR code would result in an NFT collection with unique image of the third part of this movie.
Visitors have the option to either mint the art as an NFT, or right-click and save it the old-fashioned way. “The choice is yours, human,” Netflix writes in the description. Users could mint for free and just pay a gas fee to trade.
Source: OpenSea
When released, the floor price stood at 0.001 ETH. But
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