The rise in the decentralized economy has increased the popularity of NFTs. NFTs has evolved from just being JPEGs or digital collectibles to various use cases with several businesses tapping into its potential.
Despite the volatility in the cryptocurrency market, it hasn’t stopped the growing popularity of NFTs in sports, social clubs & communities, the music industry and lots more.
Sparklo will be the first alternative-investment platform that will allow cryptocurrency investors to invest in silver, gold and platinum. This will be massive for the crypto economy as investors can now partake in buying real-time assets.
In recent years, the Non-Fungible Token (NFT) market has experienced extraordinary growth, attracting investors and artists alike to create and trade unique digital assets. However, despite Ethereum (ETH) based NFT sales reaching a nine-month high of $643.61 million by the end of February, the market experienced a sharp decline in Ethereum (ETH) NFT sales.
OpenSea, a prominent platform for Ethereum (ETH) minted NFT sales, reported a significant 50% drop in sales volume, logging only $324.30 million in March. Furthermore, sales of Ethereum (ETH) based NFTs declined dramatically this month, with only $2.5 million in sales volume recorded in the last 26 days, a staggering 97% drop from the record-breaking sales volume of $109.12 million in February.
The sharp decrease in sales volume for Ethereum (ETH) based NFTs on OpenSea was attributed to a drop in the number of NFTs sold this month. To date, 715,925 Ethereum (ETH) minted NFTs have been sold on the platform, representing a 16% decline from the total of 853,391 Ethereum (ETH) based NFTs sold in February and a 37% decline from the total of 1.13 million Ethereum-based NFTs sold in January.
The NFT industry prior to the bear market has recorded growth especially polygon-based NFT coupled with low gas fee when compared to Ethereum. Investors were attracted to their potential use cases and the opportunity to fractionalize these NFTs and use them as collateral for loans.
The reason for the low sales on Polygon (MATIC) based NFTs could be as a result of many things. Especially the decline in the crypto sector or decrease of traders on Polygon’s (MATIC) NFT marketplace.
However, specialists are still confident that NFTs on Polygon (MATIC) will bounce back to its feet. This is because Polygon (MATIC) is still experiencing continuous development. A good number of projects are being developed on the Polygon (MATIC) chain daily. They also suggest that the recent decrease in Polygon’s (MATIC) NFT sales might be a temporary change.
However, there have been doubts about the sustainability of NFTs on the Polygon (MATIC) chain; it is too soon to declare them obsolete.
Looking for how to invest in precious metals? Look no further as Sparklo (SPRK) has got you covered! This innovative investment platform enables you to invest in silver, gold, and platinum via fractionalized NFTs.
For every investment you make, it will result in the minting and fractionalization of an NFT, providing you with the flexibility to invest as much or as little as you desire. Furthermore, if you decide to purchase the entire NFT, you can even have the physical asset (silver, gold, or platinum) delivered straight to your doorstep.
To make sure your investments are safe and secure, we completed the KYC application and results will be out soon. Sparklo has been audited by Interfi Network, and it guarantees 100-year liquidity locks and 1,000-day locks for team tokens.
At present, the presale is at Level Two, with the price set at an affordable $0.019. Don’t miss out on this exciting opportunity to invest in precious metals with Sparklo!
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
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