New data from Cryptoslam shows that NFT sales on the ethereumblockchain reached approximately $541,971,085.63 in March, with a total of 2,171,751 on-chain transactions.
The data shows that there are 358,259 unique buyers and 216,004 unique sellers on the blockchain. However, historical data shows that NFT sales on the Ethereum blockchain in March were at Q1 lows, down sharply from $803,142,745.60 in January and $867,863,680.97 in February, and even lower than sales of $565,955,742.28 in December 2022 Forehead.
In March 2023, NFT sales on the Ethereum blockchain will drop significantly, especially considering the continued popularity of NFTs in the arts and entertainment industry.
Experts said the drop in sales could be due to recent market volatility and an overall drop in the value of cryptocurrencies.
However, some are optimistic about the future of NFTs, saying that the market is still in its early stages and has growth potential in the long run.
Despite the drop in sales, the ethereum blockchain remains one of the most popular NFT trading platforms, with a plethora of digital art and collectibles available for purchase.
It’s worth noting that NFTs are still a relatively new and growing market, and it will be interesting to see how this market develops in the coming months and years.