Blur

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/nft-marketplace-opensea-sees-record-low-in-monthly-sales">NFT Marketplace OpenSea Sees Record Low in Monthly Sales</a><br></p>
<p style="text-align: justify"> In a recent downturn, OpenSea, the renowned <a href="https://en.bitcoinhaber.net/exploring-the-impact-of-ordinals-on-bitcoin-network-dynamics">NFT</a> marketplace, experienced its lowest monthly sales in three years. A sharp decline to just 199,000 NFT transactions was observed in February, marking a significant fall from the 297,000 deals sealed in the previous month. </p> 
<h2 id="plummeting-user-engagement">Plummeting User Engagement</h2> 
<p style="text-align: justify"> The downturn in sales correlates with a reduction in active users, with OpenSea seeing only 103,000 participants engaging in sales in February, an 18% decrease from January’s 125,000 users. This figure represents a nadir in user count not seen since July 2021. </p> 
<p style="text-align: justify"> Contrasting with the drop in the number of NFTs sold, the total sales volume on OpenSea actually saw a 5% increase, reaching $153.03 million for the month, suggesting higher average prices per NFT. Concurrently, OpenSea experienced a 3% rise in revenues from primary transactions and royalties, totaling $3.2 million and $3.5 million, respectively. </p> 
<h2 id="competitive-shifts-in-the-market">Competitive Shifts in the Market</h2> 
<p style="text-align: justify"> Meanwhile, Blur, a rival NFT platform, demonstrated contrasting trends. Despite a 16% decrease in overall transactions, the platform maintained a transaction volume exceeding $500 million, which was over three times greater than that of OpenSea. Blur also recorded a 13% increase in NFT traders, with 60,000 traders executing 237,000 sales. </p> 
<p style="text-align: justify"> The NFT market, despite the mixed signals from these platforms, witnessed several collections witnessing a rise in their minimum sale prices, complementing the market’s double-digit value growth over the last month.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/nft-marketplace-opensea-sees-record-low-in-monthly-sales">NFT Marketplace OpenSea Sees Record Low in Monthly Sales</a></h5>

NFT Marketplace OpenSea Sees Record Low in Monthly Sales

목차

BH NEWS

2024년 3월 1일에 게재된 다른 기사

Coq Inu (COQ) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin’s Price Surge Backed by ETF Activity and Record BlackRock Reserves

Samson Mow Hints at Bitcoin's Next All-Time High Coming, SHIB Lead Breaks Silence on New SHIB Meg...

Nvidia Overtakes Saudi Aramco as World’s Third Largest Company

Uniswap’s Revenue Capabilities Impress in Cryptocurrency Market

Immutable (IMX) Decline Spurs Action While TRON (TRX) & Kaspa (KAS) Traders Turn to DeeStream (DS...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!