The NFT market experienced its first bullish momentum during the last crypto cycle which brought in billions in volume. Since the market top in 2022 the market has lost its appetite for NFTs as volume and mints significantly declined over the last couple of years. We are witnessing however a new resurgence in the market metrics for NFTs which begs the question what is happening to bring life back to this neglected sector of crypto. We break down how Pudgy Penguins is leading the NFT charge with its upcoming token airdrop and release of its own native blockchain focused on consumer applications. With this comes Opensea also alluding to a potential airdrop of their own which could be a major catalyst sparking new life in the market.
We break down how the NFT market as a whole, including all major chains is such a significantly undervalued sector within crypto. Collectively only valued at $10B in comparison to the broader crypto market in total valuing $4 TRILLION! This market discrepancy will likely make NFTs and Ordinals major market movers in the coming months due to the upside potential.
Links in Video
**NFTs Are BACK**
-NFTs
https://opensea.io/rankings/trending?sortBy=seven_day_volume
https://dune.com/hildobby/ethereum-nfts
Gary V
https://x.com/garyvee/status/1868476184432173413
-Penguins
https://x.com/coingecko/status/1868252245651054651
-Luca
https://x.com/PixOnChain/status/1802784848698036421
-$PENGU
https://x.com/pudgypenguins/status/1864851993094664602
https://opensea.io/collection/pudgypenguins
https://x.com/Cointelegraph/status/1868647265159856536
-Abstract Chain
https://x.com/AbstractChain
https://abs.xyz/
https://x.com/kalicryptoo/status/1868597969647239588?s=46
-Opensea Airdrop
https://x.com/opensea/status/1853462398587277737
https://x.com/waleswoosh/status/1867686969813479570
-Ordinals
https://magiceden.us/
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
-Nakamigos
https://x.com/Nakamigos/status/1867572883133759704
https://x.com/huuep/status/1868176184363864147
-Coingecko
https://www.coingecko.com/en/nft
Get into the metaverse on Bitcoin, Natrix land is here: https://mscribe.io/bitmap/716472
Please like and subscribe. Also, check out our podcast on your favorite podcasting app!
Play on our land: https://716472.bitmapos.io/
Website: https://www.theblockrunner.com/
Follow us on:
Twitter: http://bit.ly/TBR-Twitter
Mscribe Discord: https://discord.gg/YEFkNVs2
MetaZone Discord: http://bit.ly/TBR-Discord
Mscribe Discord: https://discord.gg/YwkhM6fPhJ
Audio:
: http://bit.ly/ThBlkRnr
Spotify: http://bit.ly/TBlockR
Stitcher: http://bit.ly/TheBlockRnr
Thumbnail by:
That Xavier – https://www.youtube.com/@ThatXavier
Twitter: https://twitter.com/ThatGuyXR
End Music by
Twitter: @Nat_Thom_
Youtube: https://t.co/Ou22RD8wlJ?amp=1
Disclaimer
The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice.
0:00
#blockrunner