The market for non-fungible tokens on the Ethereum blockchain surpassed $1 billion for the first time since May 2022, suggesting that the NFT market is regaining its footing.
As the crypto market debates the issue of NFT creator royalties, NFT marketplace Blur has surpassed the once-largest NFT marketplace OpenSea in monthly volume for the third month in a row. Blur also released its highly anticipated token airdrop earlier this month, which distributed approximately 360 million Blur tokens to users, or approximately 12% of the project’s total supply.
