On this week’s e-newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their affect on the digital panorama, as NFT gross sales have skyrocketed to a formidable $129 million in November, based on knowledge from Nansen. Regardless of the surge in gross sales, OpenSea has laid off a considerable quantity of employees because it prepares to launch model 2.0 of its platform, and Elon Musk unintentionally made a case for Ordinals. In the meantime, an OpenSea investor has taken a 90% markdown on their stake within the platform, and don’t overlook this week’s Nifty Information that includes The Simpsons roasting NFTs.
NFTs have seen a big improve in weekly gross sales quantity, with gross sales reaching 29,704 Ether (ETH), price roughly $56 million, and later surging to 68,342 ETH (over $129 million) in a matter of weeks.
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