Examining the Polygon NFT landscape as it navigates uncertainties
Polygon’s market froze during the harsh NFT winter. However, few encouraging signs emerged, suggesting that the adversity may not last long.
The sales volume of DraftKings’ newly-launched collection outpaced even the blue-chip collections.
Departure of y00ts dampened the mood of Polygon NFT fanbase.
The non-fungible token (NFT) landscape has had a torrid time of late. With sales volumes plunging to lows not seen since the historic 2021 boom, the sentiment around this once-coveted Web3 vertical has been anything but upbeat.
Read Polygon’s [MATIC] Price Prediction 2023-24
Polygon [MATIC], one of the biggest homes for NFT collections, wasn’t spared from the contagion. According to NFT market tracker CryptoSlam, the network’s total trading volume tumbled nearly 30% over the last 30 days.
The month of July recorded NFT transactions worth $23.43 million. This accounted for nearly half of the total in April, and was 23% lower than May figures.
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