NIFTY NEWS: TRUMP NFTS RALLY ON INDICTMENT $4.7B IN TRADING VOLUME IN THE FIRST QUARTER AND MORE

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DATA FROM OPENSEA INDICATES THAT THE NEWS MAY HAVE MOTIVATED NFT TRADERS TO ACT.

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THE FLOOR PRICE FLUCTUATING FROM 0.46 ETH OR $835 AT THE TIME OF WRITING TO AS MUCH AS 0.6 ETH OR $1090 ALL WITHIN THE SAME DAY.

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THE INITIATIVE PROVIDED SELECT NFT HODLERS EXCEPTIONAL ONE-ON-ONE EXPERIENCES WHEN IT BEGAN IN DECEMBER 2022.

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SUCH AS EXCLUSIVE GOLF OUTINGS MEALS AND DISCUSSIONS WITH TRUMP.

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THE FLOOR PRICE HAS SINCE FALLEN BACK TO A RANGE OF 0.51 ETH AS OF THE TIME OF WRITING.

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THE COST IS STILL SIGNIFICANTLY MORE THAN THE ORIGINAL MINT RATE OF $99 FROM DECEMBER.

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THE FIRST QUARTER OF 2023 SAW MORE THAN TWICE AS MUCH NFT TRADE VOLUME ($4.7 BILLION) AS THE PREVIOUS QUARTER ACCORDING TO A RESEARCH PUBLISHED ON MARCH 30 BY BLOCKCHAIN ANALYTICS PLATFORM DAPPRADAR.

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THE 19.4 MILLION NFT SALES IN Q1 CONTRIBUTED TO THE $4.7 BILLION AN INCREASE OF 8.56% OVER THE $1.9 BILLION REPORTED IN Q4 2022. THE OVERALL VOLUME ALSO INCREASED BY 147%.

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THE TRAFFIC ON THE ETHEREUM NETWORK WAS STAGGERING AT $4.1 BILLION

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SOLANA IN SECOND POSITION CONTRIBUTED $242 MILLION WHILE POLYGON IN THIRD PLACE CONTRIBUTED $85 MILLION FOR THE QUARTER.

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THE WELL-KNOWN FINAL FANTASY FRANCHISE WAS CREATED BY THE JAPANESE GAMING JUGGERNAUT SQUARE ENIX.

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HAS ISSUED NFT TRADING CARDS IN HONOR OF FINAL FANTASY VIIS 25TH ANNIVERSARY.

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ALTHOUGH THEY WERE REFERRED TO AS TRADING CARDS SQUARE ENIX CLARIFIED ON ITS WEBSITE THAT THE NFTS COULDNT BE EXCHANGED.

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BE TRANSFERRED AT THIS TIME UNLESS THE BUSINESS CHOOSES TO CREATE A MARKET LATER ON.

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THE WEBSITE STATES "IF WE CHOOSE TO SUPPORT THE MARKETPLACE IN THE FUTURE WE WILL LET YOU KNOW."

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THE PACKS WHICH WENT ON SALE ON MARCH 31

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AND PRICED ABOUT $3.30 EACH INCLUDED ARTWORK ON THE CARDS THAT FEATURED A VARIETY OF FINAL FANTASY VII CHARACTERS AND LOCATIONS.

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