4 ms·

NFT hype is still going strong. https://dune.com/rchen8/opensea https://dune.com/rchen8/opensea

• hiq 4y ago
  Is it? https://news.ycombinator.com/item?id=30745139 https://news.ycombinator.com/item?id=30745139
  • doopy1 4y ago
    Yes, it is! https://news.bitcoin.com/moonbirds-nft-sales-skyrocket-capturing-364-million-in-5-days/ https://news.bitcoin.com/moonbirds-nft-sales-skyrocket-captu... It's just not the same NFTs from 1-2 years ago that are doing high sales volume. Interest rotates around. Just look at the sales volumes overall.
    • hiq 4y ago
      My link explains that the wash sales prevent us from deducing anything from these numbers.
      • doopy1 4y ago
        Here's a thorough analysis of NFT wash trading. The activity is overstated, it's there, but the majority of volumes are not wash sales: https://blog.chainalysis.com/reports/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering/ https://blog.chainalysis.com/reports/2022-crypto-crime-repor...
        • hiq 4y ago
          These analyses can only come up with lower bounds rather than actual estimates. I'm not sure which part of the article you rely on to assert that "the activity is overstated", but it claims: > With blockchain analysis, however, we can track NFT wash trading by analyzing sales of NFTs to addresses that were self-financed, meaning they were funded either by the selling address or by the address that initially funded the selling address. Any wash sale not doing exactly that will be missed. The article itself is titled "Chainalysis Detects Significant Wash Trading and Some NFT Money Laundering" which does not bode well, on top of the arguments made in the HN comment I linked.