This was an excellent post. I had been ignoring the NFT craze mostly but its fascinating to learn about. It seems like a greater fools scenario, but you can incorrectly say that about a lot of things. You can't deny the growth even if it's frothy.
OpenSea volume has already topped $1B in August, and the number of daily unique buyers has also hit a new all-time high.
On July 30th, an anonymous buyer spent $7M to acquire 104 CryptoPunks in a single block. They selectively bought the 104 least expensive CryptoPunks on the market, significantly raising the floor (“floor” price refers to the price of the cheapest available NFT within a collection).
Absolutely nuts.
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