NFT Market's Shift: Platforms Diversify

NFT Market Crash: OpenSea and Magic Eden Adapt for SurvivalThe NFT market has plummeted, with its value dropping ninety-nine percent since its peak. Platforms like OpenSea and Magic Eden are fighting to stay afloat. OpenSea launched OS2, a platform rebuild with trading across nineteen blockchains and a rewards system. Despite a record-breaking DEX volume in October, it dropped seventy-five percent the next month. Magic Eden bought Slingshot for multi-chain token trading and is now focusing on crypto entertainment, like the Packs platform. Both platforms are evolving into cultural hubs, blending NFTs with tokens and growing entertainment ecosystems.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.