Here’s What Happens To Ethereum (ETH) Revenue After Multimillion NFT Sales

Republished By Plato

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Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales

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Does all of the money spent on NFTs actually stay in the market or is dumped on unsuspecting investors causing price fluctuations?

Andjela Radmilac · August 30, 2021 at 11:00 am UTC · 2 min read

Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales

The latest research from crypto analytics company Nansen analyzed the flow of ether (ETH) that has come into the NFT market to determine whether it had any effect on ETH’s price.

Nansen’s report analyzed both the primary and the secondary market for NFTs, following where the money projects receive from NFT sales goes.

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