Hold up…are NFTs back?? | Web3 Daily

TL;DR

• Simply in case you’ve missed it: the crypto market has shot up over the previous few weeks! And in concept, meaning the NFT market ought to have adopted.

• Unhealthy information: the positive aspects haven’t been as spectacular some as alt cash, like Solana (which has doubled this previous month).

• Excellent news: the NFT area nonetheless rebounded a stable 32% within the month of October.

Full Story

To completely butcher an analogy that we first heard from Raoul Pal…

NFTs are the ‘actual property’ of the crypto market.

I.e. for actual property (NFTs) to go up, the general (crypto) market must go up first.

Simply in case you’ve missed it: the crypto market has shot up over the previous few weeks!

And in concept, meaning the NFT market ought to have adopted.

Unhealthy information: the positive aspects haven’t been as spectacular some as alt cash, like Solana (which has doubled this previous month).

Excellent news: the NFT area nonetheless rebounded a stable 32% within the month of October.

That ain’t dangerous for an trade that was referred to as ‘totally worthless’ by Rolling Stone the month earlier.