New participants in the NFT market seem to prefer collections with real-world use cases. The Sandbox topped many Ethereum NFTs including BAYC and MAYC in terms of sales count because of its utility. When the NFTs buzz was rampant in 2021, not many traders thought about utility. But the bearish market of 2022 seemed to […]
The narrative seems to be changing as…
This was because the survey carried out by both platforms showed that 92% valued the utility of the NFTs rather than just bragging rights.Despite the preference, the survey confirmed that 60% of the respondents had no idea that NFTs could have real-world use cases. However, those with the information at their disposal rated earnings, ownership, and membership as some of the top use cases that would make them buy an NFT.
But in terms of sales count, The Sandbox and Parallel Alpha were the top two with 162,284 and 181.572 respectively.The only reason they could not beat others in terms of sales was the average value of each NFT and the blockchain under which they fall. Of course, Parallel Alpha operates on theIs your portfolio green? Check out the
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