Ethereum NFT marketplace passes $1 billion as the creator royalties war heats up

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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.

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Ethereum NFT marketplace passes $1 billion as the creator royalties war heats up

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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