Ethereum (ETH) and Polygon NFTs Plunge – As Sparklo NFTs Will Revolutionize True Luxury Investing – CryptoMode
The rise of the decentralized economy has increased the popularity of NFTs. NFTs have evolved from simply being JPEGs or digital collectibles to various use cases with multiple businesses exploiting their potential.
Despite the volatility of the cryptocurrency market, it has not stopped the growing popularity of NFTs in sports, social clubs and communities, the music industry and much more.
Sparklo will be the first alternative investment platform that will allow cryptocurrency investors to invest in silver, gold and platinum. This will be massive for the crypto economy as investors can now participate in buying real-time assets.
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OpenSea sees a decline in Ethereum (ETH) NFT sales
In recent years, the Non-Fungible Token (NFT) market has experienced extraordinary growth, attracting both investors and artists to create and trade unique digital assets. Despite Ethereum (ETH)-based NFT sales reaching a nine-month high of $643.61 million by the end of February, the market experienced a sharp decline in Ethereum (ETH) NFT sales.
OpenSea, a prominent platform for Ethereum (ETH) minted NFT sales, reported a significant 50% drop in sales volume, logging just $324.30 million in March. Furthermore, sales of Ethereum (ETH)-based NFTs fell dramatically this month, with only $2.5 million in sales volume recorded in the last 26 days, a staggering 97% drop from the record sales volume of $109.12 million in February.
The sharp decline in sales volume for Ethereum (ETH)-based NFTs on OpenSea was attributed to a drop in the number of NFTs sold this month. To date, 715,925 Ethereum (ETH) minted NFTs have been sold on the platform, representing a 16% decrease from the total of 853,391 Ethereum (ETH)-based NFTs sold in February and a 37% decrease from a total of 1.13 million Ethereum-based NFTs sold in January.
Polygon (MATIC) Experiencing low NFT sales
The pre-bear market NFT industry has seen growth, especially polygon-based NFT combined with low gas fees compared to Ethereum. Investors were attracted by their potential use cases and the ability to fractionalize these NFTs and use them as collateral for loans.
The reason for the low sales of Polygon (MATIC) based NFTs could be the result of many things. Especially the decline in the crypto sector or the decline of traders on Polygon’s (MATIC) NFT marketplace.
However, specialists remain confident that NFTs on Polygon (MATIC) will bounce back. This is because Polygon (MATIC) is still in continuous development. A good number of projects are developed daily in the Polygon chain (MATIC). They also suggest that the recent slowdown in Polygon’s (MATIC) NFT sales may be a temporary change.
However, the sustainability of NFTs on the Polygon (MATIC) chain has been questioned; it is too early to declare them obsolete.
Sparklo (SPRK): A platform dedicated to fractionalized NFT investment and trading
Looking for ways to invest in precious metals? Look no further as Sparklo (SPRK) has got you covered! This innovative investment platform allows you to invest in silver, gold and platinum via fractional NFTs.
For every investment you make, it will result in the minting and fractionation of an NFT, giving you the flexibility to invest as much or as little as you want. Furthermore, if you decide to buy the entire NFT, you can even have the physical asset (silver, gold or platinum) delivered right to your doorstep.
To ensure that your investments are safe and secure, we completed the KYC application and the results will be available soon. Sparklo has been audited by Interfi Network and it guarantees 100-year liquidity locks and 1000-day locks for team tokens.
Currently, the pre-sale is at level two, with the price set at a reasonable $0.019. Don’t miss this exciting opportunity to invest in precious metals with Sparklo!
Find out more about the pre-sale:
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None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses incurred by acting on information provided on this website by its authors or customers. Always do your research before making any financial commitments, especially with third-party reviews, pre-sales and other opportunities.
