Monthly NFT Sales on Bitcoin Decrease by 62%
The monthly sales of non-fungible tokens (NFTs) on the Bitcoin blockchain have experienced a significant decline of 62%. This decrease in sales indicates a potential shift in the NFT market. It is important to note that submitting an NFT for selection does not guarantee its selection.
Pudgy Penguins Offering NFT Opportunities
Pudgy Penguins, a popular NFT project, is offering an opportunity for users to bring their Pudgy Penguin or Lil Pudgy to life. To participate, follow the instructions provided in the video and submit your NFT within 14 days. However, selection is not guaranteed.
Pudgy Rods as Multipliers for Licensing Deals
OverpassIP has introduced Pudgy Rods as multipliers for licensing deals related to Pudgy Penguins. If a user owns both a Pudgy Penguin and a Pudgy Rod in the same wallet, the Rod will serve as a multiplier during payout for certain licensing deals, on-chain drops, or future claims.
Hot Take: Decline in Monthly NFT Sales Raises Questions About Market Stability
The recent 62% decrease in monthly NFT sales on the Bitcoin blockchain raises concerns about the stability of the NFT market. This decline suggests a potential shift in investor interest and demand. It remains uncertain whether this trend will continue or if it is merely a temporary fluctuation. As the NFT market evolves, it is crucial for participants to carefully consider their investments and stay informed about market dynamics.
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