NFT ecosystem attempts a bounce back amid bearish market sentiment

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The NFT ecosystem is showing signs of a comeback! Is it the right time to invest or wait and watch?

However, current market sentiment — calculated based on volatility, trading volume, social media and Google trends — remains cold as investors try to recoup their previous losses.NFT marketplace OpenSea launched the OpenRarity protocol to verify the rarity of NFTs within its platform.

The protocol aims to provide a reliable “rarity ranking” that would assist investors when considering purchasing NFTs.

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