During this period, OpenSea volumes topped $5 billion and then fell to $3.6 billion towards the end of February. This could have been a sign that the overall crypto and NFT market stance was correcting.
As the second quarter approaches, volumes and total NFT sales have been on the decline, leading new entrants and investors to wonder if the sector is dying. According to data from DappRadar, OpenSea's trading volumes have fallen by almost 11% in the last week and, so far, the total volume in the market continues to cool down, as the number of users fell by 13% in the last 30 days.
It seems that the NFT community has realized that it has exhausted the options of "blue-chip" derivatives and investors are looking for a more sustainable and less speculative placement of value.
Regardless of where the Proof of Profile:PFP movement is headed, blockchain game developers and communities are constantly developing and improving.
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