OpenSea sees a spike in Ethereum-based NFT sales, thanks to these factors

Ethereum-based NFTs on OpenSea saw its highest monthly sales volume since August 2022. OpenSea saw increased activity in the last 30 days. With Blue Chip non-fungible tokens (NFTs) collections at the forefront, the year has so far seen a resurgence of interest in profile-picture (PFP) NFTs.  Ethereum-based NFT sales have soared to a four-month high … Read more

OpenSea’s Ethereum gas usage has declined to almost zero

CryptoSlate’s analysis of gas consumption on the Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero. The analysis included token contract standards (ERC721 and ERC1155) and other NFT marketplaces like LooksRare, Rarible, and SuperRare. Source: Glasnode According to the above chart, overall gas … Read more

The how and why of OpenSea Ethereum’s latest performance stats

Tightening conditions across the broader financial markets continue to precipitate a decline in the cryptocurrency market. Needless to say, profile pictures (PFP) NFTs have suffered a significant decline in investors’ interest too. The drop in interest has exhibited itself through a significant decline in sales volume, count of NFTs sold, etc., across leading NFTs marketplaces. … Read more

Pumping Parrots NFTs see 753% increase in sales volume with pyramid scheme model

Pumping Parrots  NFT collection is in the news due to its marketing strategy, which many have described as a pyramid scheme. Unlike most NFT collections that market their utilities, Pumping Parrots markets itself as a pump-and-dump opportunity for collectors to make money before the merge. “The rules are simple: Flip your NFT at 2X. If … Read more

How to buy Polygon NFTs on OpenSea

With over 1.6 million active users, OpenSea is currently the largest marketplace to buy, sell, and trade non-fungible tokens (NFTs).  Originally, OpenSea’s platform was based solely on Ethereum, but they have since implemented Polygon PoS, to solve various issues that users face on the blockchain.  Making Ethereum even better Ethereum is still the place to … Read more

1M ENS names validated and the ENS’ April 2022 report card states…

Sales of Ethereum Name Service (ENS) domains have skyrocketed. At current market prices, the base price for a four-digit ENS domain name is around 0.5 ETH, which is over $1,450. Ethereum users rushed to purchase scarce three- and four-digit names. Furthermore, the number of eth. name registrations saw a spike post 21 April. April 2022 … Read more

Google Trends depict falling interest in Ethereum & NFTs but here’s the caveat

While not the most sophisticated of data tools, Google Trends is a way to roughly understand the level of interest that internet users worldwide have in a certain topic. To that end, Google Trends data for the search terms “Ethereum” and “NFT” revealed an unmistakable end result. This was a fall in search interest since … Read more

Solana NFTs Set to Debut on Rarible

The multi-chain Rarible Protocol has integrated Solana NFTs into its system. So get ready to start seeing Solana NFTs on the marketplace.  Solana NFTs: Exploring New Frontiers The multi-chain open-source Rarible protocol has announced that it’s finally integrating Solana NFTs into its database of supported assets. This announcement came just a week after NFTs … Read more

OpenSea: From volumes to gas, a look at how the biggest NFT marketplace is doing

If you want a quick and dirty way to gauge the state of the NFT market, it’s worth a shot to take a look at the stats for OpenSea, arguably the best known NFT marketplace in the crypto industry at present. The end of 2021 and early 2022 saw the marketplace breaking record after record … Read more

Solana NFTs are welcome in the OpenSea ecosystem

Wen Solana? Now Solana, OpenSea is finally ready to begin supporting Solana-based NFTs, and this puts a different spin on the entire NFT ecosystem OpenSea x Solana blockchain Telling you how OpenSea is the most extensive marketplace for NFTs will make me sound like a broken record, so I’ll breeze through that. If you’re not … Read more