ETH and SOL NFTs in trouble after market shutdown? Analyzing…

, the firm would begin official liquidation of all its portfolio assets by 16 February. The company’s CEO, Slyvia Jablonski, responding to reasons for the decision, said that the fund failed to attract assets like it projected.Details from the information provided revealed that NFTZ closed January with $5.3 million in assets.

This was a significant decline from its worth as of March 2022, when interest in the NFT market was incredibly high. During this period, NFTZ assets were worth $14 million.Recall that the NFT market raked in billions of dollars across several chains for the second half of 2021 and early 2022. However, the market turned hawkish in the last two quarters of 2022. But, in 2023, there has been some sort of revival in floor prices, interest, and volume.

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ETH and SOL NFTs in trouble after market shutdown? Analyzing…Both NFTZ and the Rally sidechain announced plans to close the projects. Ethereum and Solana NFTs increased sales in the last 30 days. Despite some resurgence in NFT prices and transactions, the ecosystem might still be plagued with some downsides. Bloomberg, in its 31 January update, reported that the DeFiance Digital Revolution EFT, also known […]
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