Is the crypto bear market coming to an end? Cryptocurrency prices have been on the rise recently, and there are growing signs that the NFT space is also recovering. Latest: Leading marketplace OpenSea sees consecutive growth in monthly Ethereum NFT sales for the first time in a year. According to public blockchain data available on analytics platform Dune, OpenSea said he has processed $320 million worth of his Ethereum NFT transactions so far in January, up from around $200 million in December. It’s already over $83.5 million. And December marks the first time OpenSea has posted any kind of sales increase since April 2022, up from $253 million in November. Ethereum’s rising value has something to do with it. Data from CoinGecko show that Ethereum has surged 33% over the past 30 days and is currently priced at $1,620. But even when measured in ETH, OpenSea’s January sales were just over 228,000 ETH this month, compared to 227,000 ETH in the previous period, slightly above the December tally. In November, OpenSea sold approximately 191,000 ETH worth of Ethereum NFTs.
Full report: Are NFTs Back? OpenSea’s sales increased month after month for the first time in a year.
