Although the NFT market has recorded significant losses in recent months, the sector has gained adoption in several real-world use cases.
Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens are struggling, and their floor prices have plunged significantly.
An NFT floor price is the lowest amount for which an asset within a collection can be bought or sold. It is updated in real-time, recorded in ether , and gives insight into the activity and health of an NFT.
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