NFT projects thrive even as OpenSea trading volumes take a hit

cointelegraph.com:

Despite a number of attempted vampire attacks,nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion. 

While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the integration of NFTs in the metaverse. Adding to this, global political uncertainties are also having a noticeable impact on market environments.

Ether (ETH) price has decreased by nearly 16% in the last seven days, and since most NFT projects are on the Ethereum network, NFT collectors tend to remain unphased, shopping for NFTs at a bargain. For an NFT collection, Azuki made a considerable impact in the last 30-days, amassing over 80,000 Ether ($209,100,216) and have knocked blue-chip collections like Bored Ape Yacht Club (BAYC) and Crypto Punks from their top spots. Similarly, Invisible Friends’ launch on Feb. 23, has already reeled in over $23.1 million with a floor price of 8.95 Ether ($22,010.74)

It is not just new entrants rotating collections from their top spots in total volume, older projects are resurging as the market environment sorts out shaky conditions. 

Here is the state of the current NFT market as we enter the end of Q1.

Surprising the market with its underwhelming yet charming appeal and relatability to Doodles meets The Simpsons, 3Landers slides into the number one spot for total volume, amassing over 11,000 Ether ($28,666,000) since hitting the secondary market on Feb.19. 

3Landers' average sale price has increased 63% in the last seven days and is one of the few projects whose