Tezos Turns on the Style as Ethereum Flounders

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As the general NFT market finds itself navigating rather turbulent waters, some platforms have taken the recent downturn in their stride. One such success story sees Tezos-based NFT marketplace, objkt.com turning on the style with an increase in trading activity, along with its largest ever sale.

Throughout May, the energy efficient Tezos blockchain saw a surge in activity on its network, representing a reported 50% increase in overall sales of the non-fungible variety. Meanwhile, at the forefront of this admirable ascendency, objkt.com sits perched atop the lofty heights on the Tezos NFT market.

Over the last month, objkt.com impressively broke through the $100 million barrier in total recorded sales, while also witnessing its largest ever single sale in the shape of XCOPY’s ‘REACHBACK’ creation. A hypnotic seizure-inducing bare bones artwork that changed hands for an incredible 82k $XTZ ($164k).

Congrats on what is likely the biggest ever sale (denominated in XTZ) on #Tezos@XCOPYART

It’s Tezos art season 💎🚀 https://t.co/g2nIwQ4n6E

— objkt.com (@objktcom) May 28, 2022

So, as it transitions from novelty NFT platform into digital asset high flyer, all eyes are on the objkt.com marketplace. The plucky underdog is indeed riding high in the face of adversity, and posing serious competition to the established world of Ethereum NFTs.

Browse objkt.com >> Here

Source: https://nftplazas.com/tezos-style-as-ethereum-flounders/

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