The NFT market outperformed Ethereum (ETH) itself by 8 times in January.
With the return of cryptocurrency markets, the NFT market has also revived. Offering data of the 500 most valuable NFTs Nansen’s NFT-500 NFT market in January according to the index 10% increased. However, Ethereum closed January by only 1%.1.25 There are hours left before it closes with an increase.
Founder of Animoca Brands Yacht Siu In an interview with CoinDesk during Taiwan Blockchain Week, he said that the NFT market is getting rid of speculators and moving on with loyal investors:
Most of the speculators in the NFT and GameFi space have left, which has strengthened the foundation as the people who remain are truly interested.
On the other hand, according to on-chain data platform CryptoSlam, the number of transactions in NFT markets increased in January 31% increase while sales volume is 36% decrease lived. Wash trading Inflated transactions, known as inflated transactions, have been disrupting the NFT market throughout this month. 39% It constituted a large part of the