Higher OpenSea Waves In Blue-Chip NFT and Volume Indicating Bull Run?

• Cryptocurrency prices are plunged, but blue-chip NFT trading volume in openSea is soaring, and has crossed $1.3 Billion during previous week.
• During previous couple of months, OpesSea started to cool down from its New Year’s bullishness.
• Several NFT specialists started to speculate regarding initiation of a bear market as soon as sales slipped down the hill, after closing at a record breaking $5 Billion in trading volume back in January.

Who’s Gonna Be The Next BAYC?

NFT projects are starting to understand the value of intersecting community, culture, and commerce via what BAYC cultivated, and several who have explored paths to set up their own.

RTFKT Studios has initiated a platform for creators to shine through their Space pod NFT airdrop, which enables owners to exhibit their NFTs throughout the space. Currently priced at 1.65 ETH, SpacePods are open for customization and they also enable RTFKT to look out for talent in their own community.

Creators are also able to generate and sell their work to others in community to back and enjoy.

As of now, CloneX floor price stands at 17.9 Ether ($54,306).

Similarly, Yuga labs declared creation of its latest metaverse platform, MetaRPG, which will offer, acquirable virtual land. ApeDAO compounded this news, not just airdropping Bored Ape NFT ecosystem owners over $1.6 Billion in ApeCoin and pledging that it will become utility token accepted in MetaRPG and BAYC ecosystem.

The ones paying close attention know that there is an astounding value in interoperability for mass acceptance and other projects with interoperable metaverses such as Arcade land.

Vitality In Bridging IRL Art to Virtual Spaces Via NFT Channels And Experiences

RTFKT Studios established an example of how partnering with a popular artist can escalate inherent value of a virtual collection, not just via a link but by mutual potential perk. For Instance, CloneX joined hands with Takashi Murakami, whose impact is dripped into collection on specific CloneX avatars inspired by his former works.

Cyberbrokers creator and crypto artist, Josie Bellini initiated another level of detailed artwork which is technically innovative and covered with lore. As per NFT wallet tracers, 50% of Cyberbrokers’ holders have bags that are consisted of more blue chips in contrast to an average investor.

NFT Announcements May Hold Something Good For Q2

Quarter 2 potentially have numerous liquidity pumping declarations. NFT netizens have flooded Twitter with their assumptions, but there are some impending project developments which could fuel entire morale and total market liquidity.

CyberBrokers NFT will be airdropping all holders a free NFT which is expected to become escalate as Cyberbrokers gaming environment continues to unfold.

ALSO READ – This Pacific Island Wants to Attract Crypto Enthusiasts

Azuki NFT airdropped couple of unrevealed red BEANZ to every holder, which started controversy on Twitter about what they are and what’s their worth.

Beyond token emissions, collectors are now lured towards projects which are contribution values to their communities by offering them free illiquid asset which swiftly turn liquid.

Although a few NFT pundits asserts that airdrops dilute the collection, others are using this window to convert their liquidity into long term investments that frequently compound their portfolio’s size.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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