HomeUncategorizedNFT marketplace tokens soar in 2023, and Blur’s recent airdrop may extend the trend By Cointelegraph

NFT marketplace tokens soar in 2023, and Blur’s recent airdrop may extend the trend By Cointelegraph

February 14, 2023

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Cumulative nonfungible token (NFT) trading volume trended higher in January, and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion.

The key factor that influenced NFT trading was the Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 pm ET.

NFT Marketplace market share by 7-day volume. Source: Dune
The number of “smart money” wallets and X2Y2 balances in them. Source: Nansen
X2Y2 token release schedule. Source: X2Y2 docs
LOOKS token release schedule. Source: Coingecko