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Base is a silver lining in a struggling NFT market: Here’s why

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Base's increasing number of transactions could be the comeback the NFT market needs. Alongside this, Yuga Labs' NFTs witnessed a rise, while BAYC and MAYC showed promise as well.

Yuga Labs’ Blue-Chip NFTs stood out, while BAYC and MAYC’s collections also showed strong performances.

Over the past several months, the NFT market experienced a notable decline. However, a fresh surge of enthusiasm has emerged, largely driven by the Base protocol. This newfound interest is injecting vibrancy into the NFT market.Data from Parsec Finance revealed a rising trend in Base NFT transactions, particularly notable in the Rainbow World collection, which defied broader NFT market trends. This rise in Base NFTs suggested a potential positive impact on the market.

 

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