NFT gross sales soar to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Publication

On this week’s e-newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impression on the digital panorama, as NFT gross sales have skyrocketed to a powerful $129 million in November, in line with 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 neglect this week’s Nifty Information that includes The Simpsons roasting NFTs.

NFTs have seen a big enhance in weekly gross sales quantity, with gross sales reaching 29,704 Ether (ETH), value roughly $56 million, and later surging to 68,342 ETH (over $129 million) in a matter of weeks.

Proceed Studying on Cointelegraph